Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Delaware
Annual, Not Seasonally Adjusted
DEDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,753.60
Year-over-Year Change
26.39%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the average duration of unemployment in the United States. This key labor market indicator provides insights into the health of the economy and the challenges faced by job seekers.
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 Annual, Not Seasonally Adjusted series represents the average number of weeks that unemployed individuals have been without a job. This statistic is an important metric for evaluating the strength of the labor market and the overall economic climate.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists monitor this trend to assess the state of the labor market and inform decisions related to employment, training, and economic stimulus.
Key Facts
- The average duration of unemployment reached a peak of 40.7 weeks in 2011 following the Great Recession.
- Longer durations of unemployment can lead to skill erosion and decreased job prospects for affected workers.
- Monitoring unemployment duration is crucial for policymakers seeking to promote full employment and economic stability.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the average number of weeks that unemployed individuals have been without a job in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength of the labor market and the challenges faced by job seekers. It is a key indicator used by policymakers and economists to assess the overall economic climate.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to inform decisions related to employment, training, and economic stimulus measures aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately two to three weeks. There may be revisions to historical data as the survey methodology and seasonal adjustments are updated.
Related Trends
Monthly State Retail Sales: Health and Personal Care Stores in Delaware
MSRSDE446
State Government Tax Collections, Total Taxes in Delaware
DETOTLTAX
Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Delaware
DEADMINWASTQGSP
Number of Banks in Delaware
X08ABDE
Per Capita Personal Consumption Expenditures: Services for Delaware
DEPCEPCSRV
All Employees: Government: Federal Government in Delaware
SMS10000009091000001
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DEDURMANNGSP), retrieved from FRED.