Unemployed Persons in South Carolina
LAUST450000000000004 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116,250.00
Year-over-Year Change
-2.85%
Date Range
1/1/1976 - 6/1/2025
Summary
The 'Unemployed Persons in South Carolina' trend measures the number of individuals in South Carolina who are actively seeking employment but unable to find work. This data is crucial for economists and policymakers to assess the state's 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 series represents the total number of unemployed persons in the state of South Carolina. It is an important economic indicator used to evaluate the overall health of the state's job market and support policy decisions related to employment, social programs, and economic development.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, analysts, and policymakers to inform decisions on fiscal and monetary policies, workforce development programs, and business investment strategies.
Key Facts
- South Carolina's unemployment rate was 3.4% as of the latest data.
- The state has seen a steady decline in unemployment since the COVID-19 pandemic.
- Manufacturing and tourism are major industries driving employment in South Carolina.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in South Carolina' trend measures the total number of individuals in the state who are actively seeking work but unable to find employment.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for evaluating the overall health of South Carolina's labor market and informing economic and workforce development policies.
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: Economists, analysts, and policymakers closely monitor this trend to inform decisions on fiscal and monetary policies, workforce development programs, and business investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay to allow for data collection and verification.
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Citation
U.S. Federal Reserve, Unemployed Persons in South Carolina (LAUST450000000000004), retrieved from FRED.