Unemployment Rate in West Virginia
WVUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-9.76%
Date Range
1/1/1976 - 6/1/2025
Summary
The Unemployment Rate in West Virginia measures the percentage of the state's labor force that is jobless. It's a key indicator of economic conditions and helps policymakers assess 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
The Unemployment Rate in West Virginia tracks the share of the state's civilian labor force that is without work but actively seeking employment. It's an important metric for evaluating the overall health of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Rate is closely watched by economists, policymakers, and investors to gauge the strength of the labor market and broader economic trends.
Key Facts
- West Virginia's unemployment rate was 4.5% as of the latest data.
- The state's unemployment rate has declined from a high of 8.1% during the COVID-19 pandemic.
- West Virginia's unemployment rate typically runs higher than the national average.
FAQs
Q: What does the Unemployment Rate in West Virginia measure?
A: The Unemployment Rate in West Virginia tracks the percentage of the state's civilian labor force that is jobless but actively seeking work.
Q: Why is the Unemployment Rate relevant for users or analysts?
A: The Unemployment Rate is a key indicator of the strength of the labor market and overall economic conditions in West Virginia, helping policymakers and investors assess the health of the state's economy.
Q: How is the Unemployment Rate data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Unemployment Rate used in economic policy?
A: The Unemployment Rate is closely monitored by economists, policymakers, and investors to gauge labor market trends and inform decisions about economic policy, investment, and resource allocation.
Q: Are there any update delays or limitations with this data?
A: The Unemployment Rate data is released on a monthly basis, with a slight delay from the reference period. There may also be revisions to previous months' data as more information becomes available.
Related Trends
Average Hourly Earnings of Production Employees: Total Private in West Virginia
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Housing Inventory: New Listing Count Year-Over-Year in West Virginia
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Housing Inventory: Active Listing Count Year-Over-Year in West Virginia
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Housing Inventory: Median Listing Price Year-Over-Year in West Virginia
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Real Gross Domestic Product: Natural Resources and Mining (11, 21) in West Virginia
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Citation
U.S. Federal Reserve, Unemployment Rate in West Virginia (WVUR), retrieved from FRED.