Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Pennsylvania
U1UNEM1PA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-67.57%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Pennsylvania that has been unemployed for 15 weeks or longer. It provides insight into the duration and persistence 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 metric tracks the proportion of Pennsylvania's labor force that has been out of work for an extended period. This indicator is used by economists and policymakers to gauge the health of the state's labor market and identify potential areas for targeted employment assistance.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric informs economic and workforce development policies in Pennsylvania.
Key Facts
- Pennsylvania's long-term unemployment rate was 15.2% as of the latest data.
- Elevated long-term joblessness can signal structural challenges in the labor market.
- This metric has declined from a peak of 24.1% during the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Pennsylvania's civilian labor force that has been unemployed for 15 weeks or longer.
Q: Why is this trend relevant for users or analysts?
A: The long-term unemployment rate provides important insights into the health and resiliency of the state's labor market, which is crucial for economic and workforce development policies.
Q: How is this data collected or calculated?
A: The 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: This metric informs economic and workforce development policies in Pennsylvania, helping policymakers and analysts identify potential areas for targeted employment assistance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Per Capita Personal Consumption Expenditures: Services: Other Services for Pennsylvania
PAPCEPCOSRV
Spliced Business Formations Within Four Quarters: Total for All NAICS in Pennsylvania
BFSBF4QTOTALSAPA
Value of Exports to Spain from Pennsylvania
PAESPA052SCEN
High-Propensity Business Applications: Total for All NAICS in Pennsylvania
BAHBATOTALSAPA
Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Pennsylvania
PAADMINWASTQGSP
Residential Carbon Dioxide Emissions, Petroleum for Pennsylvania
EMISSCO2TOTVRCPEPAA
Citation
U.S. Federal Reserve, Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Pennsylvania (U1UNEM1PA), retrieved from FRED.