Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for the District of Columbia
U4UNEM4DC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
-25.00%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the total number of unemployed workers and discouraged workers in the District of Columbia as a percentage of the civilian labor force plus discouraged workers. It provides important insights into labor market conditions and the employment situation in the region.
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 U4UNEM4DC series represents the total number of unemployed workers and discouraged workers in the District of Columbia, expressed as a percentage of the civilian labor force plus discouraged workers. This metric gives a more comprehensive view of labor underutilization compared to the standard unemployment rate.
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 local labor market and inform policy decisions.
Key Facts
- The U4UNEM4DC trend has remained elevated since the COVID-19 pandemic.
- Discouraged workers are individuals who have stopped looking for work due to perceived lack of job opportunities.
- The U4UNEM4DC metric provides a more comprehensive view of labor market slack compared to the official unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The U4UNEM4DC series measures the total number of unemployed workers and discouraged workers in the District of Columbia as a percentage of the civilian labor force plus discouraged workers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more comprehensive view of labor market conditions and underutilization of human capital, which is crucial for policymakers and economists to assess the strength of the local 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: Policymakers and economists closely monitor this trend to inform policy decisions and interventions aimed at improving labor market conditions and supporting economic growth in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be slight delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for the District of Columbia (U4UNEM4DC), retrieved from FRED.