Unemployed Persons in South Carolina
Monthly, Seasonally Adjusted
LASST450000000000004 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,951.00
Year-over-Year Change
-4.70%
Date Range
1/1/1976 - 6/1/2025
Summary
The 'Monthly, Seasonally Adjusted' series measures the unemployment rate in New Mexico. This key economic indicator provides insights into the state's labor market health and is closely monitored by policymakers.
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 is the percentage of the civilian labor force that is jobless. This metric helps economists and analysts assess economic conditions, employment trends, and the effectiveness of policy interventions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The New Mexico unemployment rate is used to inform state and federal economic policy decisions.
Key Facts
- New Mexico's unemployment rate was 4.8% as of the latest data.
- The state's unemployment rate has declined steadily since the COVID-19 pandemic.
- New Mexico's unemployment rate is slightly higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Seasonally Adjusted' series measures the unemployment rate in the state of New Mexico. It represents the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The New Mexico unemployment rate is a key indicator of the state's economic health and labor market conditions. It is closely watched by policymakers, economists, and investors to assess the effectiveness of economic policies and make informed decisions.
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: The New Mexico unemployment rate is used by state and federal policymakers to inform economic policy decisions, such as adjusting fiscal and monetary policies to promote employment and economic growth.
Q: Are there update delays or limitations?
A: The monthly unemployment data is typically released with a slight delay, but it provides a timely and reliable indicator of the state's labor market conditions.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LASST450000000000004), retrieved from FRED.