Unemployed Persons in Utah
LAUST490000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,231.00
Year-over-Year Change
-9.72%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Unemployed Persons in Utah' trend measures the number of people actively seeking work in the state of Utah. This data is crucial for policymakers and economists to assess the health of the state's 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 tracks the total number of people residing in Utah who are jobless but actively looking for employment. It is an important indicator of economic conditions and employment trends at the state level.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the strength of Utah's economy and inform decisions around workforce development and social programs.
Key Facts
- Utah's unemployment rate is consistently lower than the national average.
- The number of unemployed persons in Utah peaked during the Great Recession.
- Utah has a diverse and growing economy, with strong sectors in technology, aerospace, and outdoor recreation.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Utah' trend tracks the total number of people residing in Utah who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the health of Utah's labor market and informing policymakers' decisions around workforce development and social programs.
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: Policymakers and analysts use this metric to evaluate the strength of Utah's economy and inform decisions around workforce development and social programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of about two weeks.
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Citation
U.S. Federal Reserve, Unemployed Persons in Utah (LAUST490000000000004A), retrieved from FRED.