Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Israel
Monthly, Not Seasonally Adjusted
LRHUTTTTILM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-10.00%
Date Range
1/1/2012 - 6/1/2025
Summary
The Monthly, Not Seasonally Adjusted series measures the unemployment rate for the total labor force in Illinois. This key economic indicator provides insights into the state's labor market conditions and is closely tracked by policymakers and analysts.
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 unemployment rate represents the percentage of the total civilian labor force in Illinois that is jobless but actively seeking employment. This metric is a crucial barometer of economic health and is used to inform policy decisions and analyze workforce trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a widely referenced data point for evaluating the strength of state and national economies.
Key Facts
- Illinois unemployment rate averaged 5.4% in 2022.
- The state's unemployment rate peaked at 16.5% during the COVID-19 pandemic in 2020.
- Employment in Illinois has gradually recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Not Seasonally Adjusted series measures the unemployment rate for the total labor force in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the strength of the state's labor market and overall economic conditions, making it highly relevant for policymakers, businesses, and individuals analyzing Illinois' economic performance.
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: The Illinois unemployment rate is closely monitored by policymakers, economists, and institutions to inform decisions on economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month lag between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRHUTTTTILM156N), retrieved from FRED.