Unemployment Level for Arizona
UNEMPLOYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134,500.00
Year-over-Year Change
-39.52%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Arizona tracks the total number of unemployed persons in the state. This key economic indicator provides insights into the state's labor market conditions and is closely monitored by policymakers.
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 Unemployment Level for Arizona is a monthly measure of the total number of people in Arizona who are jobless, actively seeking work, and available for employment. It is a crucial metric for understanding the health of the state's economy and labor force.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Level for Arizona is used by economists, policymakers, and market analysts to assess the state's economic performance and guide policy decisions.
Key Facts
- Arizona's unemployment level reached a high of 12.3% in April 2020 during the COVID-19 pandemic.
- The state's unemployment rate has steadily declined since the peak, reaching 4.1% as of the latest data.
- Arizona's unemployment level is a key indicator of the state's economic health and recovery.
FAQs
Q: What does the Unemployment Level for Arizona measure?
A: The Unemployment Level for Arizona tracks the total number of people in the state who are jobless, actively seeking work, and available for employment.
Q: Why is the Unemployment Level for Arizona relevant for users or analysts?
A: The Unemployment Level for Arizona is a crucial metric for understanding the health of the state's labor market and economy, and is closely monitored by policymakers, economists, and market analysts.
Q: How is the Unemployment Level for Arizona data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Unemployment Level for Arizona used in economic policy?
A: The Unemployment Level for Arizona is used by policymakers, economists, and analysts to assess the state's economic performance and guide policy decisions related to employment, workforce development, and economic stimulation.
Q: Are there any update delays or limitations for the Unemployment Level for Arizona data?
A: The Unemployment Level for Arizona data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Unemployment Level for Arizona (UNEMPLOYAZ), retrieved from FRED.