Unemployment Level - Farming, Fishing, and Forestry Occupations
LNU03032223 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
-57.98%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment specifically within farming, fishing, and forestry sectors. Provides critical insight into agricultural and natural resource labor market dynamics.
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 metric measures jobless workers in primary resource extraction occupations. It reflects economic conditions in rural and resource-dependent industries.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess rural economic health and labor market transitions.
Key Facts
- Reflects seasonal employment variations
- Indicates economic pressures on resource industries
- Important for rural economic policy
FAQs
Q: How does unemployment in farming differ from other sectors?
A: Agricultural unemployment is more seasonal and dependent on environmental conditions compared to urban industries.
Q: What causes unemployment in farming and forestry?
A: Factors include climate changes, market prices, technological shifts, and economic recessions.
Q: How often is this data updated?
A: Monthly updates through the Bureau of Labor Statistics' Current Population Survey.
Q: Why is tracking farming unemployment important?
A: Provides insights into rural economic health and potential need for targeted economic interventions.
Q: Can this data predict broader economic trends?
A: It serves as an early indicator of economic shifts in resource-dependent communities.
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Citation
U.S. Federal Reserve, Unemployment Level - Farming, Fishing, and Forestry Occupations (LNU03032223), retrieved from FRED.