Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Louisiana
Monthly
SMU22000003200000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.71
Year-over-Year Change
11.01%
Date Range
1/1/2001 - 7/1/2025
Summary
The Monthly trend measures the monthly average of new unemployment insurance claims filed in the United States. It provides a timely indicator of labor market conditions and is closely watched by economists and policymakers.
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 Monthly trend tracks the number of initial claims for unemployment insurance, which reflects the number of people who have recently lost their jobs. This data serves as an important real-time barometer of the health of the labor market and the broader economy.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
Monthly unemployment claims data is used by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Key Facts
- The Monthly trend reached an all-time high of 6.9 million claims in March 2020 due to the COVID-19 pandemic.
- Consistently low Monthly claims levels are seen as a sign of a healthy labor market.
- Monthly claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the number of new unemployment insurance claims filed each month in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monthly unemployment claims data provides a timely indicator of labor market conditions and is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies.
Q: How is this trend used in economic policy?
A: Monthly unemployment claims data is used by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Monthly data is released weekly by the U.S. Department of Labor, providing timely information on the state of the labor market.
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Citation
U.S. Federal Reserve, Monthly (SMU22000003200000008), retrieved from FRED.