The national unemployment rate is an average of places that are not average. This takes it apart: {{ s.measures }} labor-market measures across {{ s.geographies }} geographies — census regions and divisions, every state, and a set of large metropolitan areas — monthly from {{ s.first }} to {{ s.last }}.
{{ "{:,}".format(s.rows) }} observations across {{ "{:,}".format(s.series) }} series. Because the panel carries the participation rate and the employment-to-population ratio alongside the unemployment rate, you can ask the question that matters: when a state’s unemployment rate falls, is that people finding work, or people leaving the labor force?
The panel above is the fresh tier: its last real observation is {{ s.last }}. Two further tiers ship with this product, and both are older. They are separate files with their own labels, and nothing on this page silently blends them with the fresh panel.