Employed Involuntary Part-Time for North Carolina
INVOLPTEMPNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,900.00
Year-over-Year Change
-19.48%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for North Carolina' trend measures the number of workers in North Carolina who are employed part-time but would prefer full-time work. This metric is an important indicator of labor market conditions and slack in the economy.
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 individuals who are working part-time for economic reasons, meaning they are working part-time hours but would prefer to be employed full-time. It provides insights into underemployment and the degree of spare capacity in the North Carolina labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Economists and policymakers closely monitor this statistic to assess the health of the labor market and gauge the need for potential interventions.
Key Facts
- North Carolina's involuntary part-time employment reached a high of 414,000 in April 2020.
- The series has declined from its pandemic peak but remains elevated compared to pre-COVID levels.
- Involuntary part-time work is a key measure of labor market slack and economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of workers in North Carolina who are employed part-time but would prefer full-time work. It provides insights into underemployment in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of labor market conditions and the degree of spare capacity in the economy. Economists and policymakers use it to assess the health of the labor market and the need for potential interventions.
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 closely monitor this statistic to gauge the level of underemployment and the overall health of the labor market, which informs their decisions on potential economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, typically several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for North Carolina (INVOLPTEMPNC), retrieved from FRED.