Insured Unemployment Rate in Utah
UTINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
2.86%
Date Range
6/17/2006 - 8/9/2025
Summary
The Insured Unemployment Rate in Utah measures the percentage of the state's insured labor force that is currently unemployed and receiving unemployment insurance benefits. This key economic indicator provides insights into the health of Utah's labor market and helps policymakers assess the need for targeted interventions.
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 Insured Unemployment Rate in Utah represents the ratio of individuals receiving unemployment insurance benefits to the total number of workers covered by the state's unemployment insurance program. This metric differs from the overall unemployment rate as it focuses specifically on those receiving unemployment benefits, offering a more granular view of labor market conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on reports from state workforce agencies.
Historical Context
The Insured Unemployment Rate is closely monitored by policymakers and economists to gauge the effectiveness of employment policies and identify potential areas for economic support.
Key Facts
- Utah's Insured Unemployment Rate averaged 1.8% from 2015 to 2020.
- The rate peaked at 11.5% in April 2020 during the COVID-19 pandemic.
- Insured unemployment is typically lower than the overall unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in Utah measures the percentage of the state's insured labor force that is currently unemployed and receiving unemployment insurance benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Utah's labor market and helps policymakers assess the need for targeted interventions to support the state's workforce.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on reports from state workforce agencies.
Q: How is this trend used in economic policy?
A: The Insured Unemployment Rate is closely monitored by policymakers and economists to gauge the effectiveness of employment policies and identify potential areas for economic support.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in Utah (UTINSUREDUR), retrieved from FRED.