Unemployment Rate in Montana
MTUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
-6.67%
Date Range
1/1/1976 - 6/1/2025
Summary
The Unemployment Rate in Montana measures the percentage of the state's labor force that is jobless and actively seeking employment. This key economic indicator provides insight into the health and resilience of Montana's labor market.
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 in Montana is a widely followed economic statistic that reflects the state's labor market conditions. It is a valuable metric for policymakers, businesses, and analysts to assess the economic climate and make informed decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Rate in Montana is used to guide economic policy and investment decisions.
Key Facts
- Montana's unemployment rate stood at 3.1% as of the latest data.
- The state's unemployment rate has remained below the national average for the past 5 years.
- Montana's economy is heavily dependent on industries such as agriculture, mining, and tourism.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate in Montana measures the percentage of the state's labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Unemployment Rate in Montana is a key indicator of the state's economic health and labor market conditions, providing valuable insights for policymakers, businesses, and analysts.
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 Unemployment Rate in Montana is used to guide economic policy and investment decisions at the state and local levels.
Q: Are there update delays or limitations?
A: The Unemployment Rate in Montana data is released on a monthly basis with a typical delay of 1-2 weeks.
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Citation
U.S. Federal Reserve, Unemployment Rate in Montana (MTUR), retrieved from FRED.