Unemployment Level for Maine
UNEMPLOYME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,600.00
Year-over-Year Change
-36.16%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Maine measures the total number of unemployed individuals in the state. This metric is crucial for policymakers and economists to assess the health of the state's labor market.
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 Maine represents the total number of residents in the state who are jobless and actively seeking employment. This data is used to analyze employment trends, identify potential skills gaps, and inform policy decisions aimed at promoting economic growth and workforce development.
Methodology
The unemployment data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Unemployment Level for Maine is a key indicator monitored by the Federal Reserve, state government agencies, and economic analysts.
Key Facts
- Maine's unemployment level stood at 39,000 as of the latest data.
- The state's unemployment rate was 2.5% in the most recent reporting period.
- Unemployment in Maine has declined steadily since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for Maine measures 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 for Maine is a crucial indicator of the state's labor market health, used by policymakers, economists, and analysts to assess employment trends and inform economic decisions.
Q: How is this data collected or calculated?
A: The unemployment 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 for Maine is monitored by the Federal Reserve, state government agencies, and economic analysts to inform policy decisions aimed at promoting economic growth and workforce development.
Q: Are there update delays or limitations?
A: The unemployment data is typically released on a monthly basis, with some potential for minor delays in reporting.
Related Trends
Chain-Type Quantity Index for Real GDP: Utilities (22) in Maine
MEUTILQGSP
Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Maine
MEPROBUSQQGSP
Gross Domestic Product: All Industry Total in Maine
MENGSP
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Maine
MESLGRTAX
Wholesale Trade Earnings in Maine
MEEWHO
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maine
MERETAILQQGSP
Citation
U.S. Federal Reserve, Unemployment Level for Maine (UNEMPLOYME), retrieved from FRED.