Not in Labor Force: Discouraged Workers for Arkansas
DISCWORKAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,000.00
Year-over-Year Change
-21.57%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Not in Labor Force: Discouraged Workers for Arkansas' trend measures the number of people in Arkansas who have stopped looking for work due to a lack of available jobs or feeling that no jobs are available for them.
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
This statistic is an important economic indicator as it provides insight into the true strength of the labor market and the number of individuals who have become discouraged with the job search process. Economists and policymakers closely monitor trends in discouraged workers to understand the underlying health of the state's economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Discouraged worker data is used to inform policy decisions and labor market analysis at the state and national level.
Key Facts
- Discouraged workers are not counted in the official unemployment rate.
- The number of discouraged workers can rise during economic downturns.
- Reducing discouragement is a key policy goal to increase labor force participation.
FAQs
Q: What does this economic trend measure?
A: The 'Not in Labor Force: Discouraged Workers for Arkansas' trend measures the number of people in Arkansas who have stopped looking for work due to a lack of available jobs or feeling that no jobs are available for them.
Q: Why is this trend relevant for users or analysts?
A: This statistic is an important economic indicator as it provides insight into the true strength of the labor market and the number of individuals who have become discouraged with the job search process. Economists and policymakers closely monitor trends in discouraged workers to understand the underlying health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Discouraged worker data is used to inform policy decisions and labor market analysis at the state and national level.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Not in Labor Force: Discouraged Workers for Arkansas (DISCWORKAR), retrieved from FRED.