Unemployed Persons in Mississippi
LAUST280000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,215.00
Year-over-Year Change
-65.70%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Mississippi' data series tracks the number of individuals actively seeking work in the state of Mississippi. This economic indicator provides insight into the health of the Mississippi labor market.
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 people who are jobless, available for work, and actively seeking employment in the state of Mississippi. It is a key indicator used by economists and policymakers to analyze labor force trends and assess the overall economic conditions in the state.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in unemployed persons are closely monitored by the Federal Reserve and state governments to inform economic and workforce development policies.
Key Facts
- Mississippi's unemployment rate is typically higher than the national average.
- The number of unemployed persons in Mississippi reached a peak during the Great Recession.
- Seasonal variations in unemployment are common in Mississippi due to the state's agricultural and tourism industries.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people in Mississippi who are jobless, available for work, and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: Trends in unemployed persons in Mississippi provide valuable insights into the state's labor market and overall economic conditions, which are crucial for policymakers and economists.
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 data for Mississippi is closely monitored by the Federal Reserve and state governments to inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, but there may be occasional delays or revisions due to the survey methodology.
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Citation
U.S. Federal Reserve, Unemployed Persons in Mississippi (LAUST280000000000004A), retrieved from FRED.