Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Minnesota
U4UNEM4MN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
-20.93%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic indicator tracks the percentage of the civilian labor force in Minnesota, including discouraged workers, who are unemployed or have stopped looking for work.
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 provides a broader measure of labor underutilization than the standard unemployment rate. It includes discouraged workers who have stopped actively searching for jobs, giving a more comprehensive view of economic hardship and labor market challenges.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to assess the true extent of labor market distress in Minnesota.
Key Facts
- Includes discouraged workers who have stopped searching for jobs
- Provides a broader measure of labor market challenges than standard unemployment
- Used by economists and policymakers to assess economic hardship in Minnesota
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the civilian labor force in Minnesota, including discouraged workers, who are unemployed or have stopped looking for work.
Q: Why is this trend relevant for users or analysts?
A: The U4 unemployment rate provides a more comprehensive view of economic hardship and labor market challenges in Minnesota than the standard unemployment rate.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the true extent of labor market distress in Minnesota and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as the Current Population Survey.
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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 Minnesota (U4UNEM4MN), retrieved from FRED.