Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Connecticut
U2UNEM2CT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-53.06%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Connecticut that consists of job losers and individuals who have completed temporary jobs. It provides insight into the state's job market and labor force dynamics.
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 Job Losers and Persons Who Completed Temporary Jobs indicator tracks the share of Connecticut's civilian labor force that is in transition between jobs, either due to layoffs or the ending of temporary employment. This data point is used by economists and policymakers to assess labor market conditions and the health of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies and analysts to inform economic policy decisions and market forecasts.
Key Facts
- Connecticut's job loss rate was 1.9% as of the latest data.
- The state's temporary job completion rate was 0.7%.
- This indicator has fluctuated between 1.5% and 3.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Connecticut's civilian labor force that consists of job losers and individuals who have completed temporary jobs.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the labor market conditions and job stability within the state, which is useful for economic analysis and policy decisions.
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: Government agencies and analysts monitor this trend to assess the health of the state's labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for Connecticut (U2UNEM2CT), retrieved from FRED.