All Marginally Attached Workers for Arizona
ALLMARGATAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,100.00
Year-over-Year Change
-11.48%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'All Marginally Attached Workers for Arizona' metric tracks the number of people in Arizona who are not actively employed but have looked for work in the past year and are available for work.
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
This data series provides insight into the broader state of the Arizona labor market by accounting for workers who have become discouraged and stopped searching, in addition to the officially unemployed. Economists and policymakers use this metric to gain a more comprehensive view of joblessness and labor force participation.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform workforce development policies and economic forecasting in Arizona.
Key Facts
- Arizona has the 15th largest state economy in the U.S.
- The labor force participation rate in Arizona is around 60%.
- The all marginally attached workers metric excludes those who have stopped searching for work.
FAQs
Q: What does this economic trend measure?
A: The 'All Marginally Attached Workers for Arizona' metric tracks the number of people in Arizona who are not actively employed but have looked for work in the past year and are available for work.
Q: Why is this trend relevant for users or analysts?
A: This data provides a more comprehensive view of labor force participation and joblessness in Arizona, beyond just the officially unemployed. It is used by economists and policymakers to inform workforce development policies and economic forecasting.
Q: How is this data collected or calculated?
A: The 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: This metric is used to inform workforce development policies and economic forecasting in Arizona.
Q: Are there update delays or limitations?
A: There may be some delay in the data reporting and publication, as it is collected through household surveys.
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Citation
U.S. Federal Reserve, All Marginally Attached Workers for Arizona (ALLMARGATAZ), retrieved from FRED.