Quarterly, Not Seasonally Adjusted
LFHU24MAO1Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,977,000.00
Year-over-Year Change
-21.86%
Date Range
1/1/2005 - 7/1/2017
Summary
This trend measures the quarterly, not seasonally adjusted unemployment rate for the U.S. metropolitan area of Onondaga County, New York. It provides important insights into local economic conditions and labor market trends.
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
The quarterly, not seasonally adjusted unemployment rate for Onondaga County, NY offers a granular view of joblessness at the metropolitan level. This metric is used by economists and policymakers to assess regional economic performance and inform targeted employment initiatives.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This local unemployment rate trend can inform decisions around economic development, workforce training, and social assistance programs in the Onondaga County region.
Key Facts
- Onondaga County is home to Syracuse, New York's fifth-largest city.
- The metro area has a population of over 460,000 as of 2021.
- Manufacturing and healthcare are key industries in the Onondaga economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted unemployment rate for the Onondaga County, New York metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This localized unemployment metric provides valuable insights into regional economic conditions that can inform policy decisions and economic development strategies.
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: This regional unemployment rate can guide decisions around workforce training programs, infrastructure investments, and social assistance initiatives in the Onondaga County area.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the not seasonally adjusted format should be considered when interpreting quarter-over-quarter changes.
Related Trends
Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for OECD
OECDLFUNTTTTSTQ
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for OECD
OECDLFEM55TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for OECD
OECDLFAC24TTSTSAQ
Leading Indicators OECD: Leading indicators: CLI: Trend restored for OECD - Total
OECDLOLITOTRGYSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for OECD
OECDLFIN25TTSTSAQ
Infra-Annual Labor Statistics: Unemployment Rate Male: 15 Years or over for OECD
OECDLRUNTTMASTSAQ
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHU24MAO1Q647N), retrieved from FRED.