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 Nebraska
U6UNEM6NE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
0.00%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic indicator tracks the percentage of the Nebraska civilian labor force that is either unemployed, marginally attached, or employed part-time for economic reasons. It provides a broader measure of labor market slack beyond the standard unemployment rate.
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, also known as the 'underemployment rate,' includes not only those officially unemployed but also marginally attached workers and those employed part-time for economic reasons. This metric offers a more comprehensive assessment of labor market conditions and labor force utilization in Nebraska.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on the Current Population Survey.
Historical Context
The U6 rate is used by policymakers, economists, and analysts to gain a fuller picture of labor market health and slack.
Key Facts
- The U6 rate in Nebraska is higher than the standard unemployment rate.
- The U6 metric accounts for workers who are underemployed or marginally attached to the labor force.
- Analyzing the U6 rate provides a more nuanced view of economic conditions in Nebraska.
FAQs
Q: What does this economic trend measure?
A: The U6 unemployment rate in Nebraska measures the percentage of the civilian labor force that is either unemployed, marginally attached, or employed part-time for economic reasons.
Q: Why is this trend relevant for users or analysts?
A: The U6 rate offers a more comprehensive assessment of labor market slack and underutilization of human resources in Nebraska, providing important context beyond the standard unemployment figure.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on the Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use the U6 rate to gain a fuller picture of labor market health and slack, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The U6 data for Nebraska is published monthly with the same update schedule as the standard unemployment rate.
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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 Nebraska (U6UNEM6NE), retrieved from FRED.