Chicago Fed National Activity Index: Employment, Unemployment and Hours
EUANDH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.05
Year-over-Year Change
-54.55%
Date Range
3/1/1967 - 6/1/2025
Summary
The Chicago Fed National Activity Index: Employment, Unemployment and Hours tracks the contribution of employment, unemployment, and hours-related indicators to U.S. economic growth. It serves as a comprehensive snapshot of labor market conditions.
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
The CFNAI-EUANDH is a component of the broader Chicago Fed National Activity Index, which measures overall economic activity and related inflationary pressure. This labor-focused subindex provides insights into the health and momentum of the U.S. job market.
Methodology
The index is calculated based on a weighted average of various labor market indicators reported by U.S. government agencies.
Historical Context
Policymakers and analysts closely monitor the CFNAI-EUANDH to assess the strength of the labor market and its implications for the broader economy.
Key Facts
- The index ranges from -1 to +1, with positive values indicating above-average employment growth.
- A reading below -0.7 suggests a recession is likely underway.
- The index helps signal when the labor market is contributing to, or detracting from, overall economic growth.
FAQs
Q: What does this economic trend measure?
A: The CFNAI-EUANDH measures the contribution of employment, unemployment, and hours-related indicators to overall U.S. economic growth.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive view of labor market conditions, which is crucial for understanding the broader economic outlook and informing policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated based on a weighted average of various labor market indicators reported by U.S. government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the CFNAI-EUANDH to assess the strength of the labor market and its implications for the broader economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The CFNAI-EUANDH is updated monthly, with a typical release lag of around two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Chicago Fed National Activity Index: Employment, Unemployment and Hours (EUANDH), retrieved from FRED.