Employed Involuntary Part-Time for Missouri
INVOLPTEMPMO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,900.00
Year-over-Year Change
-28.78%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Missouri' metric tracks the number of people in Missouri who are working part-time jobs, even though they would prefer full-time employment. This data point is a key indicator of underutilized labor and economic 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 measures the number of employed persons in Missouri who work part-time for economic reasons, meaning they would prefer to work full-time but have had their hours cut or been unable to find full-time work. It provides insight into the degree of labor market slack and underemployment in the state.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this metric to assess the health of Missouri's labor market and broader economic conditions.
Key Facts
- Missouri's involuntary part-time employment level was 91,000 as of the latest data.
- Involuntary part-time work increased sharply in Missouri during the COVID-19 pandemic.
- High levels of involuntary part-time employment can indicate a sluggish labor market recovery.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of people in Missouri who are working part-time jobs even though they would prefer full-time employment.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the degree of labor market slack and underemployment in Missouri, which is a key indicator of the state's broader economic health.
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 analyze this metric to assess the health of Missouri's labor market and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the overall Current Population Survey.
Related Trends
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MOFININSREALRGSP
Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Missouri
MOACCOMDQQGSP
Chain-Type Quantity Index for Real GDP: Construction (23) in Missouri
MOCONSTQGSP
Personal Consumption Expenditures: Goods for Missouri
MOPCEG
Real Gross Domestic Product: Federal Civilian in Missouri
MOGOVFEDCIVRGSP
Value-Added Output Price Deflator for Private Nonfarm in Missouri
IPUZNT050290000
Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Missouri (INVOLPTEMPMO), retrieved from FRED.