Unemployed Persons in Connecticut
LAUST090000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,782.00
Year-over-Year Change
-61.06%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Connecticut' metric tracks the number of jobless individuals actively seeking work in the state of Connecticut. This statistic is a key indicator of the overall health of the state's labor market and economy.
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 series represents the total number of civilians aged 16 and older who are without a job, have actively looked for work in the past four weeks, and are currently available for work. It's a widely-used benchmark for assessing employment trends and the strength of the regional economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this metric to gauge the effectiveness of employment and economic development programs in Connecticut.
Key Facts
- Connecticut's unemployment rate was 4.6% as of the latest data.
- The state has seen a steady decline in unemployment since the COVID-19 pandemic.
- Unemployed persons in Connecticut peaked at over 250,000 in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Connecticut' metric tracks the total number of jobless individuals in the state who are actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This statistic is a key indicator of the overall health of Connecticut's labor market and broader regional economy, making it highly relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge the effectiveness of employment and economic development programs in Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be some delay in reflecting the latest labor market conditions.
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Citation
U.S. Federal Reserve, Unemployed Persons in Connecticut (LAUST090000000000004A), retrieved from FRED.