All Employees: Leisure and Hospitality in Utah
Monthly, Seasonally Adjusted
UTLEIH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175.10
Year-over-Year Change
0.29%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Unemployment Level: Initial Claims, Seasonally Adjusted' trend measures the number of new unemployment insurance claims filed each month in the United States. This metric is a key indicator of the health of the labor market.
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
This series tracks the total number of initial jobless claims submitted to state workforce agencies across the country. It is a closely watched leading indicator of the US economy, as rising unemployment claims can signal an upcoming economic downturn or recession.
Methodology
The data is collected directly from state workforce agencies and compiled by the US Department of Labor.
Historical Context
Initial unemployment claims are used by policymakers, economists, and investors to assess the current state of the economy and guide policy decisions.
Key Facts
- Initial unemployment claims peaked at nearly 7 million in March 2020 during the COVID-19 pandemic.
- The four-week moving average is a closely watched metric for assessing unemployment claim trends.
- Low and declining initial claims signal a healthy, expanding labor market.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployment Level: Initial Claims, Seasonally Adjusted' metric tracks the number of new unemployment insurance claims filed each month in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data series is a leading indicator of the health of the US labor market and broader economy. Monitoring initial unemployment claims helps policymakers, economists, and investors assess current economic conditions and future trends.
Q: How is this data collected or calculated?
A: The data is collected directly from state workforce agencies and compiled by the US Department of Labor.
Q: How is this trend used in economic policy?
A: Initial unemployment claims are closely watched by the Federal Reserve and other policymakers to help guide monetary and fiscal policy decisions. Declining claims signal a strengthening labor market, while rising claims may indicate an economic slowdown.
Q: Are there update delays or limitations?
A: The unemployment claims data is released weekly by the Department of Labor and has a relatively short lag time, making it a timely economic indicator. However, the data may be subject to revisions and can be impacted by factors like seasonal adjustments.
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Citation
U.S. Federal Reserve, Unemployment Level: Initial Claims, Seasonally Adjusted (UTLEIH), retrieved from FRED.