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 Wisconsin
U6UNEM6WI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
-26.67%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic indicator tracks the broader measure of unemployment in Wisconsin, including those marginally attached to the labor force and working part-time for economic reasons. It provides a more 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 U6 unemployment rate for Wisconsin includes the officially unemployed, marginally attached workers, and those employed part-time for economic reasons. This broader measure gives a more accurate assessment of labor market slack and challenges faced by job seekers in the state.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The U6 rate is closely monitored by policymakers and economists to gauge the overall health of the labor market.
Key Facts
- The U6 rate includes the officially unemployed, marginally attached workers, and those employed part-time for economic reasons.
- The U6 rate provides a more comprehensive view of labor market challenges in Wisconsin.
- The U6 rate is closely monitored by policymakers and economists to gauge overall labor market health.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks a broader measure of unemployment in Wisconsin, including those marginally attached to the labor force and working part-time for economic reasons.
Q: Why is this trend relevant for users or analysts?
A: The U6 rate gives a more accurate assessment of labor market slack and challenges faced by job seekers in the state, providing valuable insight for policymakers and economists.
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: The U6 rate is closely monitored by policymakers and economists to gauge the overall health of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The U6 rate data is subject to the same update schedule and limitations as the overall employment statistics provided by the Current Population Survey.
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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 Wisconsin (U6UNEM6WI), retrieved from FRED.