Unemployment Level for Tennessee
UNEMPLOYTN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,700.00
Year-over-Year Change
-31.09%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Tennessee measures the total number of jobless individuals actively seeking work in the state. This trend is a key indicator of economic conditions and labor market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Unemployment Level for Tennessee tracks the count of residents in the state who are unemployed but actively searching for employment. This metric is used by policymakers, economists, and analysts to assess the health of the state's labor market and overall economic performance.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring the Unemployment Level for Tennessee provides insights into consumer confidence, spending patterns, and the effectiveness of economic policies.
Key Facts
- Tennessee's unemployment level reached a high of 9.5% during the COVID-19 pandemic.
- The state's unemployment rate has steadily declined since mid-2020 as the economy has recovered.
- Unemployment data is a crucial input for policymakers when considering adjustments to monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for Tennessee measures the total number of residents in the state who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Unemployment Level for Tennessee is a key indicator of the state's economic conditions and labor market dynamics, providing insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring the Unemployment Level for Tennessee helps inform policymakers' decisions on monetary and fiscal policies to support economic growth and employment.
Q: Are there update delays or limitations?
A: The Unemployment Level for Tennessee data is released monthly with a short lag, providing timely insights into the state's labor market conditions.
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Citation
U.S. Federal Reserve, Unemployment Level for Tennessee (UNEMPLOYTN), retrieved from FRED.