Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Delaware
U1UNEM1DE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-59.38%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic indicator measures the percentage of the civilian labor force in Delaware that has been unemployed for 15 weeks or longer. It provides insight into the duration and severity of unemployment in the state.
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 'Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Delaware' tracks the long-term unemployment rate, a key metric for assessing the health of the state's labor market and identifying potential skills mismatches or structural issues.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this indicator to guide employment programs and economic policies aimed at reducing long-term joblessness.
Key Facts
- In January 2023, the long-term unemployment rate in Delaware was 16.5%.
- This indicator reached a peak of 24.9% during the COVID-19 pandemic in 2020.
- Long-term unemployment tends to rise during economic downturns and take longer to recover.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the civilian labor force in Delaware that has been unemployed for 15 weeks or longer, providing insights into the prevalence of long-term joblessness in the state.
Q: Why is this trend relevant for users or analysts?
A: The long-term unemployment rate is a key metric for evaluating the health of the labor market and identifying potential skills mismatches or structural issues that may be hindering the state's economic recovery.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to guide employment programs and economic policies aimed at reducing long-term joblessness and promoting a more resilient labor market in Delaware.
Q: Are there update delays or limitations?
A: This data is typically updated on a monthly basis, but there may be occasional delays in the release of the latest figures.
Related Trends
Regional Price Parities: Services: Other: Nonmetropolitan Portion for Delaware
DENMPRPPSERVEOTH
State Government Tax Collections, Amusements Licenses in Delaware
DEAMSLICTAX
Personal Consumption Expenditures: Services: Other Services for Delaware
DEPCEOSRV
Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in Delaware
DEADMINSUPQGSP
Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Delaware
DEPCEPCHOUSUTL
Leading Index for Delaware
DESLIND
Citation
U.S. Federal Reserve, Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Delaware (U1UNEM1DE), retrieved from FRED.