All Marginally Attached Workers for Louisiana
ALLMARGATLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,200.00
Year-over-Year Change
-25.41%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'All Marginally Attached Workers for Louisiana' series measures the number of people in Louisiana who are available for work and have looked for a job in the past 12 months but are not currently counted as unemployed. This provides insight into the state's underutilized labor resources.
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
Marginally attached workers are those who have searched for work in the past year but are not actively looking and thus are not counted in the official unemployment rate. This data series offers a more comprehensive view of labor market conditions in Louisiana beyond the headline unemployment figure.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Economists and policymakers use this metric to better understand the degree of labor market slack and potential for future employment growth in Louisiana.
Key Facts
- Louisiana's marginally attached workers totaled 38,000 in June 2022.
- The marginally attached worker rate in Louisiana was 1.7% in June 2022.
- The number of marginally attached workers in Louisiana has declined since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'All Marginally Attached Workers for Louisiana' series measures the number of people in Louisiana who are available for work and have looked for a job in the past 12 months but are not currently counted as unemployed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the state's underutilized labor resources, offering a more comprehensive view of labor market conditions in Louisiana beyond the headline unemployment figure.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to better understand the degree of labor market slack and potential for future employment growth in Louisiana.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, All Marginally Attached Workers for Louisiana (ALLMARGATLA), retrieved from FRED.