Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Slovak Republic
Annual, Seasonally Adjusted
LFHUADMASKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,166.67
Year-over-Year Change
-54.63%
Date Range
1/1/1995 - 1/1/2022
Summary
This series measures the annual, seasonally adjusted unemployment rate in Alaska. Monitoring state-level unemployment is crucial for policymakers to understand regional economic conditions and target appropriate interventions.
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 annual, seasonally adjusted unemployment rate tracks the percentage of the total labor force in Alaska that is jobless, available for work, and actively seeking employment over a 12-month period. This metric is a key indicator of the state's economic health and vitality.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Unemployment rates are closely watched by economists, policymakers, and investors to assess the strength of regional labor markets.
Key Facts
- Alaska's annual, seasonally adjusted unemployment rate was 5.3% in 2021.
- The national annual, seasonally adjusted unemployment rate was 3.9% in 2021.
- Alaska's unemployment rate has historically been higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the state of Alaska. It tracks the percentage of the state's total labor force that is jobless, available for work, and actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level unemployment rates is crucial for policymakers and economists to understand regional economic conditions and target appropriate interventions. The Alaska unemployment rate is a key indicator of the state's economic health and labor market strength.
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 rates are closely watched by economists, policymakers, and investors to assess the strength of regional labor markets. This data informs policy decisions and economic forecasts at the state and national level.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate for Alaska is published with a short lag time, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUADMASKA647S), retrieved from FRED.