Not in Labor Force: Discouraged Workers for Delaware
DISCWORKDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,000.00
Year-over-Year Change
-9.09%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Not in Labor Force: Discouraged Workers for Delaware' trend measures the number of people in Delaware who have stopped looking for work due to discouragement about their 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 indicator tracks individuals in Delaware who are no longer actively seeking employment, often because they believe there are no jobs available for them or that they lack the necessary skills. Understanding discouraged workers is crucial for policymakers to gauge the true state of the state's labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric provides insight into both economic and social conditions in Delaware, informing workforce development and labor policies.
Key Facts
- Delaware's discouraged worker population peaked during the Great Recession.
- Discouraged workers are not counted in the official unemployment rate.
- The number of discouraged workers can signal changes in economic confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people in Delaware who have stopped looking for work due to discouragement about their job prospects.
Q: Why is this trend relevant for users or analysts?
A: Tracking discouraged workers provides important insights into the true state of the labor market, which can inform workforce development and economic policies.
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: This metric is used by economists and policymakers to gauge the strength of the labor market and inform workforce development initiatives and other economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other labor force statistics from the Current Population Survey.
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Citation
U.S. Federal Reserve, Not in Labor Force: Discouraged Workers for Delaware (DISCWORKDE), retrieved from FRED.