State Unemployment Benefits in Montana
MTOBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,289.00
Year-over-Year Change
61.38%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'State Unemployment Benefits in Montana' series tracks the total amount of unemployment insurance benefits paid out each month by the state of Montana. This key economic indicator provides insight into the health of Montana's labor market and the financial well-being of its workforce.
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 data series represents the total dollar value of unemployment insurance benefits paid to individuals in the state of Montana. It serves as an important barometer of economic conditions, as increased unemployment benefit payouts suggest greater labor market distress, while decreases may signal strengthening employment.
Methodology
The data is collected and reported by the Montana Department of Labor and Industry.
Historical Context
Policymakers and economists closely monitor state-level unemployment benefits data to gauge regional economic performance and inform potential policy responses.
Key Facts
- Montana's unemployment benefits totaled $X.XX billion in 2022.
- Unemployment benefits accounted for Y% of Montana's personal income in the last quarter.
- The number of Montanans receiving unemployment benefits has declined Z% from its pandemic peak.
FAQs
Q: What does this economic trend measure?
A: The 'State Unemployment Benefits in Montana' series tracks the total dollar value of unemployment insurance payments made to individuals in the state of Montana each month.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into the health of Montana's labor market and the financial well-being of its workforce. Analyzing unemployment benefit trends can help policymakers and economists assess regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Montana Department of Labor and Industry.
Q: How is this trend used in economic policy?
A: State-level unemployment benefit data is closely monitored by policymakers and economists to gauge regional economic performance and inform potential policy responses.
Q: Are there update delays or limitations?
A: The Montana unemployment benefits data is typically released with a 1-2 month lag. There may also be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, State Unemployment Benefits in Montana (MTOBEN), retrieved from FRED.