Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Arizona
U4UNEM4AZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
-39.68%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the share of the total civilian labor force, including discouraged workers, that is unemployed in the state of Arizona. It provides important insights into the overall health of the state's labor market.
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 U4 unemployment rate is a broader measure of labor underutilization than the official unemployment rate, as it includes discouraged workers who have stopped actively seeking employment. This metric gives a more comprehensive view of labor market conditions in Arizona.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers and economists to assess the strength of the Arizona economy and guide policy decisions.
Key Facts
- The U4 unemployment rate in Arizona was 7.2% as of the latest data.
- Discouraged workers make up around 10% of the total labor force in Arizona.
- The U4 rate in Arizona is higher than the national U4 unemployment rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed workers, including discouraged workers, as a percentage of the civilian labor force plus discouraged workers in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The U4 unemployment rate provides a more comprehensive view of labor market conditions in Arizona, as it captures individuals who have stopped actively seeking employment due to discouragement. This is a valuable metric for policymakers and economists assessing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and economists to assess the strength of the Arizona labor market and guide policy decisions related to employment, workforce development, and economic growth in the state.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around one month. There may be some limitations in capturing all discouraged workers, as the survey methodology relies on self-reported job search activities.
Related Trends
State Government Tax Collections, Total Income Taxes in Arizona
AZTLINCTAX
All Employees: Federal Government in Arizona
SMU04000009091000001A
Business Applications: Total for All NAICS in Arizona
BABATOTALSAAZ
Interbank Deposits in Commercial Member Banks in Arizona
X08IOMBIAZ
All Employees: Educational Services in Arizona
SMU04000006561000001A
Residential Carbon Dioxide Emissions, Kerosene for Arizona
EMISSCO2VKSRCBAZA
Citation
U.S. Federal Reserve, Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Arizona (U4UNEM4AZ), retrieved from FRED.