Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Indiana
U4UNEM4IN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
-4.35%
Date Range
10/1/2003 - 7/1/2024
Summary
This metric tracks the total number of unemployed and discouraged workers in Indiana as a percentage of the civilian labor force plus discouraged workers. It provides a comprehensive view of labor underutilization in the state.
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, also known as the 'alternative' unemployment rate, includes discouraged workers who have stopped looking for work due to poor job prospects. This measure gives a broader picture of labor market distress compared to the standard unemployment rate.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by policymakers and economists to assess the overall health of the Indiana labor market.
Key Facts
- The U4 unemployment rate in Indiana is higher than the standard unemployment rate.
- Discouraged workers are not counted in the official unemployment statistics.
- This metric provides a more comprehensive view of labor market slack in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of unemployed and discouraged workers in Indiana as a percentage of the civilian labor force plus discouraged workers.
Q: Why is this trend relevant for users or analysts?
A: This measure gives a broader picture of labor market distress in Indiana compared to the standard unemployment rate, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the overall health of the Indiana labor market.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as other labor force statistics published by the Bureau of Labor Statistics.
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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 Indiana (U4UNEM4IN), retrieved from FRED.