Unemployed: Job Losers for Pennsylvania
JOBLOSPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,900.00
Year-over-Year Change
-60.61%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for Pennsylvania' series measures the number of unemployed individuals in Pennsylvania who have lost their jobs. This metric is a key indicator of economic conditions and labor market trends in the state.
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 data series tracks the number of Pennsylvania residents who have become unemployed due to job loss, rather than voluntarily leaving a position. It provides insights into the stability and resilience of the state's labor market and can inform policy decisions aimed at supporting workers and stimulating economic growth.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This series is closely monitored by economists, policymakers, and businesses to assess the overall health of Pennsylvania's economy.
Key Facts
- Pennsylvania's job loss rate is a leading indicator of economic conditions in the state.
- The number of job losers can fluctuate significantly during economic cycles.
- Policymakers use this data to inform decisions on workforce development and unemployment assistance programs.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed: Job Losers for Pennsylvania' series tracks the number of individuals in Pennsylvania who have lost their jobs, as opposed to voluntarily leaving employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the stability and resilience of Pennsylvania's labor market, which is crucial for policymakers, businesses, and individuals to understand economic conditions in the state.
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: Policymakers and economists closely monitor this series to inform decisions on workforce development, unemployment assistance, and other policies aimed at supporting Pennsylvania's workers and businesses.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Bureau of Labor Statistics' household survey program.
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Citation
U.S. Federal Reserve, Unemployed: Job Losers for Pennsylvania (JOBLOSPA), retrieved from FRED.