Number of Civilians Unemployed for 15 Weeks or Longer for Nebraska
UNEMP15NE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,100.00
Year-over-Year Change
-53.64%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Number of Civilians Unemployed for 15 Weeks or Longer for Nebraska' metric tracks long-term unemployment in the state, providing crucial insights for policymakers and labor economists.
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 measures the number of individuals in Nebraska who have been unemployed for 15 weeks or more, serving as an indicator of labor market conditions and the challenges faced by the long-term unemployed in the state.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Monitoring this trend helps inform economic and workforce development policies aimed at supporting the long-term unemployed and promoting a healthy, resilient labor market.
Key Facts
- Nebraska's long-term unemployment rate is currently X.X%.
- The number of Nebraskans unemployed for 15+ weeks peaked at Y during the last recession.
- Long-term unemployment can have lasting impacts on workers' earnings and career trajectories.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of civilians in Nebraska who have been unemployed for 15 weeks or longer, providing insights into long-term unemployment in the state.
Q: Why is this trend relevant for users or analysts?
A: Monitoring long-term unemployment is crucial for understanding labor market dynamics, evaluating the effectiveness of workforce development programs, and informing economic and social policies aimed at supporting displaced workers.
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: Policymakers and labor economists closely follow this trend to assess the health of the labor market, identify areas of concern, and develop targeted interventions to support the long-term unemployed and promote economic recovery.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Number of Civilians Unemployed for 15 Weeks or Longer for Nebraska (UNEMP15NE), retrieved from FRED.