Employed Involuntary Part-Time for Montana
INVOLPTEMPMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,300.00
Year-over-Year Change
-11.33%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for Montana' metric tracks the number of people in Montana who are working part-time jobs, but would prefer full-time employment. This is an important indicator of the labor market's strength and workers' economic well-being.
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 employed Montanans who are working part-time hours due to economic reasons, such as slack work or unfavorable business conditions, rather than personal preference. It provides insight into the extent of underemployment in the state's labor force.
Methodology
The data is collected through the U.S. Current Population Survey conducted by the Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health of Montana's labor market and overall economy.
Key Facts
- Montana's involuntary part-time employment reached a high of 44,000 in 2020.
- The rate of involuntary part-time work in Montana is typically lower than the national average.
- Involuntary part-time employment is considered a key measure of labor market slack.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of employed Montanans who are working part-time hours due to economic reasons, rather than personal preference.
Q: Why is this trend relevant for users or analysts?
A: Monitoring involuntary part-time employment provides important insights into the strength of Montana's labor market and the economic well-being of its workers.
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 and economists use this metric to assess the health of Montana's labor market and overall economy.
Q: Are there update delays or limitations?
A: The data is published monthly with typical release lags of 1-2 months.
Related Trends
All Employees: Mining, Quarrying, and Oil and Gas Extraction in Montana
SMU30000001021000001A
Industrial Carbon Dioxide Emissions, Industrial Other for Montana
EMISSCO2VCLICBMTA
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana
MTPCEPCFCENPISH
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Montana
PECIUB0T4MT30000A647NCEN
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Montana
MTRERENTLEAQGSP
Value of Exports to Netherlands from Montana
MTNLDA052SCEN
Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for Montana (INVOLPTEMPMT), retrieved from FRED.