Initial Claims in Mississippi
MSICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
989.00
Year-over-Year Change
-20.24%
Date Range
6/17/2006 - 8/9/2025
Summary
The Initial Claims in Mississippi series tracks the number of people in Mississippi who have filed for unemployment benefits for the first time. This metric is a key indicator of the health of the state's labor market and overall economic conditions.
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
Initial claims represent the number of new jobless claims filed by individuals seeking to receive unemployment insurance benefits. This data provides insight into recent layoffs and the pace of hiring across Mississippi.
Methodology
The data is collected by the U.S. Department of Labor based on reports from state workforce agencies.
Historical Context
Policymakers and economists monitor initial claims to assess the strength of the job market and guide decisions on economic and workforce development.
Key Facts
- Initial claims in Mississippi peaked at over 100,000 during the COVID-19 pandemic.
- The state's initial claims rate has returned to pre-pandemic levels as the economy has recovered.
- Tracking initial claims helps policymakers identify emerging labor market trends in Mississippi.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Mississippi series tracks the number of new unemployment insurance claims filed by individuals in the state. This provides a timely indicator of recent layoffs and the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Initial claims data is a key leading indicator used by economists, policymakers, and businesses to assess the strength of the job market and broader economic conditions in Mississippi.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor based on reports from the Mississippi Department of Employment Security.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor initial claims to guide decisions on workforce development, unemployment benefits, and other policies that support Mississippi's economy.
Q: Are there update delays or limitations?
A: The initial claims data is released weekly with a short lag, providing timely insights into recent labor market trends in Mississippi.
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Citation
U.S. Federal Reserve, Initial Claims in Mississippi (MSICLAIMS), retrieved from FRED.