Job Losers and Persons Who Completed Temporary Jobs, as a Percent of the Civilian Labor Force for the District of Columbia
U2UNEM2DC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-47.73%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in the District of Columbia who have lost their jobs or completed temporary employment. It provides insight into the job market and economic conditions in the region.
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 metric tracks individuals who have recently become unemployed, either through job loss or the end of temporary work. This data point is useful for analyzing labor market dynamics and can inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to gauge the strength of the local economy and inform decisions.
Key Facts
- This metric reflects the share of the DC civilian labor force that has recently lost a job or completed temporary work.
- The data is reported monthly and published by the U.S. Bureau of Labor Statistics.
- Trends in this measure can signal changes in the strength of the local job market and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in the District of Columbia who have recently lost their jobs or completed temporary employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the local job market and overall economic conditions in the District of Columbia, which is useful for policymakers, economists, and market 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: Trends in this measure are closely watched by policymakers to gauge the strength of the local economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays.
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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 the District of Columbia (U2UNEM2DC), retrieved from FRED.