Employed Involuntary Part-Time for Connecticut
INVOLPTEMPCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,500.00
Year-over-Year Change
-15.78%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Connecticut' trend measures the number of employed individuals in Connecticut who work part-time hours due to economic reasons, rather than personal choice. This metric is a key indicator of underemployment and labor market slack.
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 tracks the seasonally adjusted number of employed individuals in Connecticut who work part-time hours because they are unable to find full-time work or their hours have been cut for economic reasons. It provides insight into the extent of underutilized labor capacity in the state's economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to assess the strength of the Connecticut labor market and the degree of underemployment.
Key Facts
- The number of involuntary part-time workers in Connecticut reached a peak during the Great Recession.
- Involuntary part-time employment has declined since the economic recovery, but remains above pre-recession levels.
- Trends in involuntary part-time work are an important indicator of labor market slack and the strength of the Connecticut economy.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Involuntary Part-Time for Connecticut' trend measures the number of employed individuals in Connecticut who work part-time hours due to economic reasons, rather than personal choice.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the degree of underemployment and labor market slack in Connecticut, which is a key indicator of economic conditions and strength of the labor market.
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 use this trend to assess the strength of the Connecticut labor market and inform decisions related to economic and employment policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, providing timely insights into Connecticut's labor market conditions.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Connecticut (INVOLPTEMPCT), retrieved from FRED.