Unemployment Level for Delaware
UNEMPLOYDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,200.00
Year-over-Year Change
-34.77%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Delaware metric tracks the total number of unemployed individuals in the state. This statistic is a key indicator of 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
The Unemployment Level for Delaware measures the total number of residents in the state who are jobless and actively seeking work. Economists and policymakers closely monitor this data to understand workforce dynamics and guide policy responses.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment level is used to assess the strength of Delaware's economy and inform decisions around workforce development programs and economic stimulus measures.
Key Facts
- Delaware's unemployment level peaked at 10.4% in 2010 during the Great Recession.
- As of the latest data, Delaware's unemployment rate stands at 4.2%.
- The state's unemployment level has generally trended downward since the post-recession recovery.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for Delaware metric tracks the total number of residents in the state who are jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment level is a key indicator of Delaware's economic health and labor market conditions, providing important insights for policymakers and 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: The unemployment level is used to assess the strength of Delaware's economy and inform decisions around workforce development programs and economic stimulus measures.
Q: Are there update delays or limitations?
A: The unemployment data is typically released on a monthly basis with a short delay, providing timely insights into Delaware's labor market conditions.
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Citation
U.S. Federal Reserve, Unemployment Level for Delaware (UNEMPLOYDE), retrieved from FRED.