Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Delaware
U6UNEM6DE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
-23.40%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic indicator measures the level of underemployment in Delaware's labor force, including those who are unemployed, marginally attached to the workforce, or working part-time for economic reasons.
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 U6 unemployment rate provides a broader measure of labor underutilization than the standard unemployment rate, capturing a fuller picture of economic conditions and labor market slack in Delaware.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Current Population Survey.
Historical Context
The U6 rate is closely monitored by policymakers and analysts to assess the overall health of the labor market and guide economic and workforce development policies.
Key Facts
- The U6 rate in Delaware was 8.7% as of the latest data.
- This measure includes the officially unemployed as well as those working part-time for economic reasons.
- Tracking the U6 rate provides a more comprehensive view of labor market slack than the headline unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The U6 unemployment rate measures the total number of unemployed, underemployed, and marginally attached workers in Delaware as a percentage of the total civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The U6 rate provides a more complete picture of labor market conditions and labor force underutilization, which is crucial for policymakers and analysts assessing the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey and calculated according to standardized methodology.
Q: How is this trend used in economic policy?
A: The U6 rate is closely monitored by policymakers, economists, and workforce development agencies to guide policies and programs aimed at improving employment opportunities and labor force participation.
Q: Are there update delays or limitations?
A: The U6 unemployment data for Delaware is published monthly with a short lag, typically 1-2 months behind the current period.
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Citation
U.S. Federal Reserve, Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Delaware (U6UNEM6DE), retrieved from FRED.