Hornstein-Kudlyak-Lange Non-Employment Index
This dataset tracks hornstein-kudlyak-lange non-employment index over time.
Latest Value
7.82
Year-over-Year Change
0.99%
Date Range
1/1/1994 - 7/1/2025
Summary
The Hornstein-Kudlyak-Lange Non-Employment Index measures the share of prime-age individuals not employed in the U.S. This broad labor market metric provides insights into long-term employment trends beyond the unemployment rate.
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 Non-Employment Index captures individuals who are unemployed, out of the labor force, or underemployed, offering a more comprehensive view of labor market slack than the standard unemployment rate. Economists and policymakers use this index to assess the health and recovery of the labor market.
Methodology
The data is calculated by the Federal Reserve Bank of Richmond based on household survey data from the U.S. Bureau of Labor Statistics.
Historical Context
The Non-Employment Index is a key indicator monitored by the Federal Reserve and other institutions to guide economic and monetary policy decisions.
Key Facts
- The index ranges from 0 to 1, with higher values indicating more labor market slack.
- The index rose sharply during the COVID-19 recession, reaching a peak of 0.363 in April 2020.
- The index has gradually declined since its pandemic peak as the labor market has recovered.
FAQs
Q: What does this economic trend measure?
A: The Hornstein-Kudlyak-Lange Non-Employment Index measures the share of prime-age individuals not employed in the United States, capturing a broader view of labor market conditions than the standard unemployment rate.
Q: Why is this trend relevant for users or analysts?
A: The Non-Employment Index provides a more comprehensive assessment of labor market slack, which is crucial for economists and policymakers in evaluating the health and recovery of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of Richmond based on household survey data from the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Non-Employment Index is a key indicator monitored by the Federal Reserve and other institutions to guide economic and monetary policy decisions, as it offers insights into long-term employment trends.
Q: Are there update delays or limitations?
A: The Non-Employment Index data is published monthly with a typical lag of one to two months.
Related News
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
U.S. S&P 500 Represents New Market Normal, Says BofA Analysis
S&P 500 Unveils 'New Normal' in U.S. Equity Markets The S&P 500evident in recent performance trends, which is a major index in the world of U.S. stocks, may now be signaling what Bank of America calls a 'new normal' in U.S. equity markets. Defining the 'New Normal' in the S&P 500 The 'new normal' represents a transformative phase where traditional valuation norms are shifting. Amidst high points and sustained growth in the S&P 500to be heavily influenced by changing valuation metrics, such a
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S. economy, signal market participants' expectations about future economic conditions. As we approach the release of critical GDP data and unemployment claims, Treasury yields rise, reflecting the collective anticipation about potential shifts in the economic landscape. These yields are central to shaping expectations about Federal Reserve interest ra
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
Federal Reserve Faces Challenges In Setting U.S. Interest Rates
The Federal Reserve's Challenge in Interest Rate Decisions Interest rates play a pivotal role in the U.S. economy, impacting everything from the cost of borrowing to the returns on savings. The Federal Reserve, as the nation’s central bank, is responsible for setting these rates to steer monetary policy towards economic stability. In doing so, the Federal Reserve navigates through various economic indicators like inflation, employment rates, and GDP growth, a task made more complex by current e
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Hornstein-Kudlyak-Lange Non-Employment Index (NEIM156SFRBRIC), retrieved from FRED.