Employment Level - Persons At Work 1-34 Hours, Economic Reasons, Slack Work or Business Conditions, Nonagricultural Industries
LNU02032198 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,941.00
Year-over-Year Change
-0.44%
Date Range
5/1/1955 - 7/1/2025
Summary
Measures employment levels for workers with reduced hours due to economic conditions. Provides critical insight into labor market slack and economic challenges.
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 tracks persons working reduced hours (1-34 hours) because of business slowdowns or slack work conditions. It reflects underlying economic pressures.
Methodology
Collected through monthly Current Population Survey by the Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess economic conditions and potential labor market weaknesses.
Key Facts
- Indicates economic pressure on workforce
- Measures involuntary part-time employment
- Critical economic health indicator
FAQs
Q: What does this employment series measure?
A: Tracks workers employed 1-34 hours due to economic reasons like slack work or business conditions.
Q: How is economic slack defined?
A: Represents workers forced to work fewer hours due to business slowdowns or reduced economic activity.
Q: Why is this data important?
A: Provides early warning signals about economic challenges and potential recessionary pressures.
Q: Does this include all industries?
A: Focuses on nonagricultural industries across the United States.
Q: How frequently is this data updated?
A: Monthly updates through the Bureau of Labor Statistics household survey.
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Citation
U.S. Federal Reserve, Reduced Hours Employment (LNU02032198), retrieved from FRED.