All Marginally Attached Workers for Connecticut
ALLMARGATCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,500.00
Year-over-Year Change
-22.84%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'All Marginally Attached Workers for Connecticut' trend measures the number of people in Connecticut who are not in the labor force but want and are available for work, and have looked for a job sometime in the recent past. This metric provides insight into the underutilization of labor in the state.
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 'All Marginally Attached Workers for Connecticut' statistic includes discouraged workers, as well as other marginally attached workers. It is used by economists and policymakers to assess the degree of labor market slack and potential for employment growth in the state.
Methodology
This data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
Tracking this measure can help inform economic and workforce development policies in Connecticut.
Key Facts
- Connecticut's marginally attached workers totaled 38,000 in the most recent data.
- The marginally attached worker rate in Connecticut is 1.3% of the civilian labor force.
- The number of marginally attached workers in Connecticut has declined by 7% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people in Connecticut who are not in the labor force but want and are available for work, and have looked for a job sometime in the recent past.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of marginally attached workers provides insight into the degree of labor market slack and potential for employment growth in Connecticut.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Monitoring this measure can help inform economic and workforce development policies in Connecticut.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
Related Trends
Housing Inventory: Median Days on Market in Connecticut
MEDDAYONMARCT
Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Connecticut
CTSECCOMINVRGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Connecticut
CTPCEPCCLTH
All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Connecticut
SMU09000006054160001
All Employees: Leisure and Hospitality: Full-Service Restaurants in Connecticut
SMU09000007072251101SA
Gross Domestic Product: Computer Systems Design and Related Services (5415) in Connecticut
CTCPUSYSDSGNNGSP
Citation
U.S. Federal Reserve, All Marginally Attached Workers for Connecticut (ALLMARGATCT), retrieved from FRED.