Not in Labor Force: Discouraged Workers for the District of Columbia
DISCWORKDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
800.00
Year-over-Year Change
-65.22%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Not in Labor Force: Discouraged Workers for the District of Columbia' metric tracks the number of people in Washington D.C. who have stopped looking for work due to lack of available jobs or perceived lack of job prospects.
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 economic indicator provides insight into the overall health of the D.C. labor market and the factors influencing workforce participation. It is an important measure for policymakers and economists analyzing employment trends and the state of the local economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Trends in discouraged workers help inform economic and workforce development policies in the District of Columbia.
Key Facts
- Discouraged workers are not counted in the official unemployment rate.
- The number of discouraged workers can fluctuate with economic conditions.
- High numbers of discouraged workers indicate latent labor market weakness.
FAQs
Q: What does this economic trend measure?
A: The 'Not in Labor Force: Discouraged Workers for the District of Columbia' metric tracks individuals in the D.C. area who have stopped looking for work due to a lack of available jobs or perceived lack of job prospects.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health of the D.C. labor market and workforce participation, which is crucial information for policymakers and economists analyzing employment trends and the state of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Trends in discouraged workers help inform economic and workforce development policies in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to the timing and methodological constraints of the Current Population Survey.
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Citation
U.S. Federal Reserve, Not in Labor Force: Discouraged Workers for the District of Columbia (DISCWORKDC), retrieved from FRED.