Number of Civilians Unemployed for 15 Weeks or Longer for Maryland
UNEMP15MD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,200.00
Year-over-Year Change
-55.96%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Number of Civilians Unemployed for 15 Weeks or Longer for Maryland' measures the count of individuals in Maryland who have been jobless for at least 15 consecutive weeks. This metric provides insight into the state's long-term unemployment 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
This series represents the number of Maryland residents who have been out of work for an extended period, which is a key indicator of labor market health and economic conditions in the state. Economists monitor this data to assess the strength of the regional job market and identify potential areas for policy intervention.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to inform workforce development programs and economic recovery strategies.
Key Facts
- Maryland's long-term unemployment rate peaked at 4.3% in 2010.
- The state's long-term jobless count has fallen by over 50% since the Great Recession.
- Women in Maryland are more likely than men to experience long-term unemployment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of Maryland residents who have been unemployed for 15 weeks or longer, providing insight into the state's long-term joblessness.
Q: Why is this trend relevant for users or analysts?
A: Long-term unemployment is a key indicator of labor market health and economic conditions, helping policymakers and economists assess the strength of the regional job market.
Q: How is this data collected or calculated?
A: The data is gathered through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform workforce development programs and economic recovery strategies in Maryland.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions based on updated survey responses.
Related Trends
Real Gross Domestic Product: Retail Trade (44-45) in Maryland
MDRETAILRQGSP
Value of Exports to New Zealand from Maryland
MDNZLA052SCEN
Management of Companies and Enterprises Earnings in Maryland
MDEMAN
Gross Domestic Product: Educational Services (61) in Maryland
MDEDCATNGSP
Value of Exports to Turkey from Maryland
MDTURA052SCEN
Housing Inventory: Pending Listing Count Month-Over-Month in Maryland
PENLISCOUMMMD
Citation
U.S. Federal Reserve, Number of Civilians Unemployed for 15 Weeks or Longer for Maryland (UNEMP15MD), retrieved from FRED.