Unemployment Level for Wisconsin
UNEMPLOYWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,700.00
Year-over-Year Change
-30.54%
Date Range
10/1/2003 - 7/1/2024
Summary
The Unemployment Level for Wisconsin measures the total number of people in Wisconsin who are jobless, actively seeking work, and available for employment. This metric is a key indicator of the state's overall 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 Wisconsin represents the total civilian non-institutional population in Wisconsin aged 16 and over who are without jobs but are available for work and have actively sought employment within the past four weeks. This data is used by economists, policymakers, and businesses to assess Wisconsin's economic performance and guide decision-making.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The Unemployment Level for Wisconsin is closely monitored by the Federal Reserve and state policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Wisconsin's unemployment level stood at 194,000 as of the latest data.
- The state's unemployment rate was 3.3% in the most recent month.
- Unemployment in Wisconsin has declined steadily since the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Level for Wisconsin measures the total number of people in the state who are jobless, actively seeking work, and available for employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Wisconsin's overall economic health and labor market conditions, making it relevant for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Unemployment Level for Wisconsin is closely monitored by the Federal Reserve and state policymakers to inform monetary and fiscal policy decisions that affect the state's economy.
Q: Are there update delays or limitations?
A: The unemployment data for Wisconsin is released on a monthly basis with a short delay, providing timely information on the state's labor market conditions.
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Citation
U.S. Federal Reserve, Unemployment Level for Wisconsin (UNEMPLOYWI), retrieved from FRED.