Unemployed Persons in Maine
LAUST230000000000004 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,479.00
Year-over-Year Change
-5.27%
Date Range
1/1/1976 - 7/1/2025
Summary
The 'Unemployed Persons in Maine' metric tracks the number of people actively seeking work in the state of Maine. This statistic is a key indicator of labor market conditions and economic health.
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 measures the total number of civilians aged 16 and over in Maine who are jobless, available for work, and actively seeking employment. Economists and policymakers closely monitor this data to understand trends in Maine's employment and gauge the strength of the regional economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Unemployment statistics inform decisions by the Federal Reserve, state governments, and private businesses regarding economic and workforce policy.
Key Facts
- Maine's unemployment rate was 3.7% as of January 2023.
- The number of unemployed persons in Maine has declined by over 50% since the COVID-19 pandemic peak.
- Maine's workforce participation rate is consistently higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of civilians in Maine aged 16 and over who are jobless, available for work, and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: Unemployment data is a key indicator of labor market conditions and overall economic health within Maine. It informs policy decisions by governments, central banks, and businesses.
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: Unemployment statistics are closely monitored by the Federal Reserve, state governments, and private organizations to inform decisions regarding economic and workforce policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. It may not capture rapid, short-term changes in the labor market.
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Citation
U.S. Federal Reserve, Unemployed Persons in Maine (LAUST230000000000004), retrieved from FRED.