Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Delaware
U5UNEM5DE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-31.34%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic indicator measures the level of underutilized labor in Delaware, including the officially unemployed, discouraged workers, and other marginally attached workers, as a percentage of the total potential labor force.
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 U5 unemployment rate provides a broader measure of labor market slack than the standard unemployment rate, capturing discouraged and marginally attached workers who are not officially counted as unemployed.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Current Population Survey.
Historical Context
This indicator is used by policymakers and economists to gauge the extent of labor market underutilization in Delaware.
Key Facts
- Measured as a percentage of the potential labor force.
- Includes officially unemployed, discouraged, and marginally attached workers.
- Provides a broader view of labor market slack than standard unemployment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the level of underutilized labor in Delaware, including the officially unemployed, discouraged workers, and other marginally attached workers, as a percentage of the total potential labor force.
Q: Why is this trend relevant for users or analysts?
A: This broader measure of labor market slack is useful for policymakers and economists to gauge the extent of underutilization in the Delaware labor market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Current Population Survey.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the overall health and utilization of the labor force in Delaware.
Q: Are there update delays or limitations?
A: The data is published monthly by the Bureau of Labor Statistics with typical release delays.
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Citation
U.S. Federal Reserve, Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Delaware (U5UNEM5DE), retrieved from FRED.