Hornstein-Kudlyak-Lange Non-Employment Index including People Working Part-Time for Economic Reasons
This dataset tracks hornstein-kudlyak-lange non-employment index including people working part-time for economic reasons over time.
Latest Value
8.68
Year-over-Year Change
0.98%
Date Range
1/1/1994 - 7/1/2025
Summary
The Hornstein-Kudlyak-Lange Non-Employment Index including People Working Part-Time for Economic Reasons tracks the share of the working-age population not employed, providing a broader measure of labor market slack than the standard 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
This index includes unemployed individuals, as well as those working part-time for economic reasons and those marginally attached to the labor force. It offers a more comprehensive view of labor market conditions to guide economic policymaking.
Methodology
The data is calculated by the Federal Reserve Bank of Richmond using Bureau of Labor Statistics survey data.
Historical Context
The index is used by economists and policymakers to assess the overall health of the labor market.
Key Facts
- The index ranges from 0 to 1, with higher values indicating greater labor market slack.
- It provides a more comprehensive measure of labor market health than the unemployment rate alone.
- The index can signal when the economy is approaching full employment.
FAQs
Q: What does this economic trend measure?
A: The Hornstein-Kudlyak-Lange Non-Employment Index measures the share of the working-age population that is not employed, including those who are unemployed, working part-time for economic reasons, or marginally attached to the labor force.
Q: Why is this trend relevant for users or analysts?
A: This index offers a more comprehensive view of labor market conditions than the standard unemployment rate, providing valuable insights for economists, policymakers, and market analysts to assess the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of Richmond using survey data from the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Non-Employment Index is used by economists and policymakers to gauge the overall state of the labor market, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is updated monthly, but there may be slight delays in the release of the latest data.
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Citation
U.S. Federal Reserve, Hornstein-Kudlyak-Lange Non-Employment Index including People Working Part-Time for Economic Reasons (NEIPTERM156SFRBRIC), retrieved from FRED.