Employed Involuntary Part-Time for Arizona
INVOLPTEMPAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,700.00
Year-over-Year Change
-5.69%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Arizona' series measures the number of Arizonans working part-time due to economic reasons, such as slack work or unfavorable business conditions. This trend provides insight into underemployment and labor market slack 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
This series represents the number of workers in Arizona who are employed part-time but would prefer full-time employment. It is an important measure of labor market health and economic conditions, as involuntary part-time work can indicate slack demand or other structural issues.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this metric to assess the overall strength of the Arizona labor market and broader economic conditions.
Key Facts
- Arizona's involuntary part-time employment peaked at over 280,000 workers in 2020.
- Involuntary part-time work in Arizona has declined from its pandemic high but remains elevated.
- Involuntary part-time employment is a key indicator of labor market slack and underutilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of workers in Arizona who are employed part-time but would prefer full-time employment due to economic reasons.
Q: Why is this trend relevant for users or analysts?
A: Involuntary part-time employment is an important indicator of labor market health and economic conditions, as it reflects underutilization of the workforce.
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: Policymakers and economists monitor this metric to assess the overall strength of the Arizona labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief lag, and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Arizona (INVOLPTEMPAZ), retrieved from FRED.