Employed Involuntary Part-Time for Wisconsin
INVOLPTEMPWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,500.00
Year-over-Year Change
-15.24%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Wisconsin' series measures the number of workers in Wisconsin who are employed part-time but would prefer full-time work. This metric is a key indicator of labor market underutilization and economic stability.
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 tracks the total number of Wisconsin residents who are employed part-time due to economic reasons rather than personal preference. It provides insights into labor market slack and the availability of full-time job opportunities in the state.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess the health of the Wisconsin labor market and the broader economic climate.
Key Facts
- Wisconsin's involuntary part-time employment reached a peak of 194,000 in 2020.
- The metric has since declined, indicating gradual labor market improvement.
- Involuntary part-time work is a sign of underemployment and economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Involuntary Part-Time for Wisconsin' series tracks the number of Wisconsin residents who are employed part-time but would prefer to work full-time due to economic reasons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market slack and the availability of full-time job opportunities in Wisconsin, which is useful for policymakers and economists assessing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the health of the Wisconsin labor market and inform decisions related to economic and employment policies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and sampling limitations of the Current Population Survey, but it generally provides a reliable and timely indicator of involuntary part-time employment in Wisconsin.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Wisconsin (INVOLPTEMPWI), retrieved from FRED.