Unemployment Level for Louisiana
UNEMPLOYLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,700.00
Year-over-Year Change
-34.17%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Louisiana measures the total number of unemployed individuals in the state. This metric is a key indicator of economic conditions and labor market health.
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 Louisiana represents the total number of people who are jobless, available for work, and actively seeking employment within the state. This data is used by policymakers, economists, and analysts to assess the strength of Louisiana's labor market and overall economic performance.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in Louisiana's unemployment level provide important context for state-level economic and workforce policies.
Key Facts
- Louisiana's unemployment rate was 5.1% as of the latest data.
- Unemployment in Louisiana peaked at 12.9% during the COVID-19 pandemic.
- The state's unemployment level has recovered to near pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for Louisiana measures the total number of people who are jobless, available for work, and actively seeking employment within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Louisiana's labor market conditions and overall economic performance, providing important context for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in Louisiana's unemployment level inform state-level economic and workforce policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The unemployment data is published monthly with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Unemployment Level for Louisiana (UNEMPLOYLA), retrieved from FRED.