Employed Involuntary Part-Time for Louisiana
INVOLPTEMPLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,700.00
Year-over-Year Change
-12.02%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the number of people in Louisiana who are employed part-time involuntarily, meaning they would prefer to work full-time but can only find part-time work. It provides insight into underemployment and labor market conditions 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
The Employed Involuntary Part-Time for Louisiana trend tracks the number of workers in the state who are employed part-time but would prefer full-time employment. This metric is an important indicator of labor market slack and economic health, as involuntary part-time work suggests underutilization of available labor.
Methodology
The data is collected through the U.S. Current Population Survey.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Louisiana labor market and overall economic conditions.
Key Facts
- Louisiana's involuntary part-time employment was 79,000 as of the latest data.
- Involuntary part-time work in Louisiana peaked during the 2008-2009 recession.
- The trend has generally declined since the recession but remains above pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people in Louisiana who are employed part-time but would prefer to work full-time. It provides insight into underemployment in the state.
Q: Why is this trend relevant for users or analysts?
A: The Employed Involuntary Part-Time trend is an important indicator of labor market slack and economic health in Louisiana. It suggests the degree to which available labor is being underutilized.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the Louisiana labor market and overall economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published monthly but may have a brief delay before release.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Louisiana (INVOLPTEMPLA), retrieved from FRED.