Monthly
This dataset tracks monthly over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 8/1/2022
Summary
The 'Monthly' series, with the Series ID 'BELREC', measures the average duration of unemployment for individuals in the United States. This key metric provides insights into 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
The 'Monthly' unemployment duration trend tracks the average number of weeks that individuals remain unemployed. This data point is closely monitored by economists and policymakers to gauge the underlying dynamics of the job market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Unemployment duration is a leading indicator used to inform economic and labor market policies.
Key Facts
- The average unemployment duration reached a peak of 40.7 weeks in 2011.
- Historically, the average unemployment duration has ranged from 8-40 weeks.
- Declining unemployment duration often signals a strengthening job market.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' series (BELREC) measures the average number of weeks that individuals in the United States remain unemployed.
Q: Why is this trend relevant for users or analysts?
A: Unemployment duration is a key indicator of labor market health and can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Unemployment duration is a leading indicator used by economists and policymakers to gauge the state of the job market and inform economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Monthly (BELREC), retrieved from FRED.