Employed Involuntary Part-Time for Idaho
INVOLPTEMPID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,000.00
Year-over-Year Change
-13.21%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Idaho' metric tracks the number of people in Idaho who are working part-time jobs but would prefer full-time employment. This is an important labor market indicator for economists and policymakers.
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 data series measures the number of Idaho residents who are employed part-time but would prefer to work full-time. It provides insight into underemployment and labor market slack within the state.
Methodology
The data is collected through the U.S. Current Population Survey conducted by the Bureau of Labor Statistics.
Historical Context
Policymakers monitor this metric to assess the strength of the labor market and make informed decisions about economic and employment policies.
Key Facts
- Involuntary part-time employment in Idaho peaked during the 2008-2009 recession.
- The metric has shown steady improvement since the recession, indicating a tightening labor market.
- Involuntary part-time work can lead to reduced household incomes and economic insecurity.
FAQs
Q: What does this economic trend measure?
A: The 'Employed Involuntary Part-Time for Idaho' metric tracks the number of people in Idaho who are working part-time jobs but would prefer full-time employment.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into underemployment and labor market slack within the state, which is important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to assess the strength of the labor market and make informed decisions about economic and employment policies.
Q: Are there update delays or limitations?
A: The data is updated monthly by the Bureau of Labor Statistics, with a typical release delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Idaho (INVOLPTEMPID), retrieved from FRED.