All Marginally Attached Workers for Utah
ALLMARGATUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,300.00
Year-over-Year Change
53.00%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'All Marginally Attached Workers for Utah' measures the number of people in Utah who are marginally attached to the labor force but not actively employed.
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 series represents individuals in Utah who want a job and have looked for work in the past year, but are not currently counted in the labor force. It provides insight into the broader state of labor market participation and labor supply.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is used by economists and policymakers to gauge underutilization of labor in the Utah economy.
Key Facts
- The series includes people who want a job but have not actively searched in the past 4 weeks.
- Data is reported monthly and seasonally adjusted.
- Marginally attached workers are not counted in the official unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The 'All Marginally Attached Workers for Utah' series measures the number of people in Utah who want a job and have looked for work in the past year, but are not currently participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader labor market participation and labor supply conditions in Utah, beyond just the official unemployment rate.
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 gauge underutilization of labor and labor market slack in the Utah economy.
Q: Are there update delays or limitations?
A: The data is reported monthly and is seasonally adjusted, with no known update delays.
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Citation
U.S. Federal Reserve, All Marginally Attached Workers for Utah (ALLMARGATUT), retrieved from FRED.