Employed Persons in Wisconsin
Monthly, Seasonally Adjusted
LASST550000000000005 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,055,766.00
Year-over-Year Change
-0.83%
Date Range
1/1/1976 - 6/1/2025
Summary
The Monthly, Seasonally Adjusted series tracks the unemployment rate in New Mexico, providing a key indicator of the state's economic health and labor market conditions.
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 from the U.S. Bureau of Labor Statistics measures the percentage of the total civilian labor force in New Mexico that is unemployed but actively seeking work, adjusting for regular seasonal variations.
Methodology
The data is collected through household surveys and calculated based on standard International Labor Organization definitions and procedures.
Historical Context
The New Mexico unemployment rate is closely monitored by policymakers, businesses, and economists to assess the state's economic performance and guide decision-making.
Key Facts
- New Mexico's unemployment rate was 5.3% as of the latest data.
- The state's unemployment level has fluctuated between 4-8% over the past decade.
- Unemployment is a key factor in gauging the strength of New Mexico's regional economy.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the unemployment rate in the state of New Mexico, representing the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The New Mexico unemployment rate is a critical indicator of the state's economic health and labor market conditions, providing valuable insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculated based on standard International Labor Organization definitions and procedures.
Q: How is this trend used in economic policy?
A: The New Mexico unemployment rate is closely monitored by policymakers to assess the state's economic performance and guide decision-making on issues such as workforce development, economic stimulus, and social support programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Bureau of Labor Statistics, Monthly, Seasonally Adjusted (LASST550000000000005), retrieved from FRED.