Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Delaware
U4UNEM4DE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
-36.67%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the total civilian labor force in Delaware that is unemployed or discouraged from seeking work. It provides a broader gauge of labor market conditions 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
The U4 unemployment rate includes discouraged workers who have stopped looking for jobs, providing a more comprehensive assessment of slack in the labor market. This metric is closely watched by economists and policymakers to understand the true extent of unemployment and underutilization of the workforce.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator informs economic and monetary policy decisions at the state and national level.
Key Facts
- The U4 unemployment rate in Delaware peaked at 20.3% in April 2020 during the COVID-19 pandemic.
- Delaware's U4 unemployment rate has consistently trended below the national average since 2015.
- Discouraged workers account for around 10-15% of the total U4 unemployed population in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals in Delaware, including those who have become discouraged and stopped actively searching for work, as a percentage of the overall civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The U4 unemployment rate provides a more comprehensive assessment of labor market conditions and slack than the standard unemployment rate, making it a closely watched indicator by economists and policymakers.
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 indicator informs economic and monetary policy decisions at the state and national level, as it gives a broader picture of labor market conditions and potential underutilization of the workforce.
Q: Are there update delays or limitations?
A: The U4 unemployment data for Delaware is released on a monthly basis with a typical 1-2 month lag.
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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 Delaware (U4UNEM4DE), retrieved from FRED.