State-level unemployment claims can provide a real-time measure of national labor market conditions and the overall state of the economy. A rapid and widespread buildup of stress in state labor markets usually signals the start of a recession. In mid-2024, some widely followed indicators of recession risk flashed red. However, analysis of state-level data indicates that labor market declines were not as widespread as they had been in previous recessions. Applying this analysis to the latest d...| Federal Reserve Bank of San Francisco
The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market transitions account for this rise. One dominant factor appears to be a fall in the job-finding rate—the share of unemployed individuals finding employment. The duration of unemployment has also increased recently. In past decades, these patterns have frequently occurred during the onset of recessions, ...| Federal Reserve Bank of San Francisco
The weekly Labor Market Stress Indicator (LMSI) tracks state-level labor market developments in real time to better understand labor market conditions as they| Federal Reserve Bank of San Francisco
Regional data provide indicators measuring characteristics of the dual mandate across the nation. This page provides data on labor market conditions, prices,| Federal Reserve Bank of San Francisco
Brief summaries of SF Fed economic research that explain in reader-friendly terms what our work means for the people we serve.| Federal Reserve Bank of San Francisco
