Total Unemployed, as a Percent of the Civilian Labor Force for Delaware
U3UNEM3DE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-36.84%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Total Unemployed, as a Percent of the Civilian Labor Force for Delaware' measures the percentage of the Delaware labor force that is unemployed. This data point is crucial for economists and policymakers to understand the state's economic health and labor market conditions.
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
This series tracks the percentage of the civilian labor force in Delaware that is currently unemployed. It provides an important indicator of the state's overall employment levels and economic activity, helping to guide policy decisions and business strategies.
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 economists, investors, and state officials to assess the strength of Delaware's labor market and broader economic performance.
Key Facts
- Delaware's unemployment rate was 3.5% as of the latest data.
- The state's jobless rate has declined steadily from a peak of 8.1% during the Great Recession.
- Unemployment levels in Delaware are consistently below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Delaware that is currently unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The Delaware unemployment rate is a key indicator of the state's economic health and labor market conditions, providing important insights for policymakers, businesses, and workers.
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: State and federal policymakers closely monitor Delaware's unemployment rate to assess labor market performance and guide decisions on economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short delay, providing timely insights into Delaware's employment situation.
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Citation
U.S. Federal Reserve, Total Unemployed, as a Percent of the Civilian Labor Force for Delaware (U3UNEM3DE), retrieved from FRED.