Not in Labor Force: Discouraged Workers for Indiana
DISCWORKIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,100.00
Year-over-Year Change
90.57%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Not in Labor Force: Discouraged Workers for Indiana' trend measures the number of people in Indiana 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 measure is important for economists and policymakers to understand labor market dynamics and assess the full extent of joblessness and potential workforce participation.
Methodology
The data is collected through the U.S. Current Population Survey.
Historical Context
Discouraged worker data helps inform decisions around employment policies and economic recovery efforts.
Key Facts
- Discouraged workers are not counted in the official unemployment rate.
- Indiana's discouraged worker population peaked at over 40,000 in 2010.
- The number of discouraged workers can indicate broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Not in Labor Force: Discouraged Workers for Indiana' trend measures the number of people in Indiana who have stopped looking for work due to discouragement about their job prospects.
Q: Why is this trend relevant for users or analysts?
A: This measure is important for economists and policymakers to understand labor market dynamics and assess the full extent of joblessness and potential workforce participation.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey.
Q: How is this trend used in economic policy?
A: Discouraged worker data helps inform decisions around employment policies and economic recovery efforts.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the Current Population Survey.
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Citation
U.S. Federal Reserve, Not in Labor Force: Discouraged Workers for Indiana (DISCWORKIN), retrieved from FRED.