Employed Involuntary Part-Time for North Dakota
INVOLPTEMPND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,800.00
Year-over-Year Change
-27.50%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for North Dakota' series measures the number of people in North Dakota who are working part-time jobs due to economic reasons, such as slack work or business conditions. This metric is important for economists and policymakers to understand underemployment and labor market dynamics.
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 tracks the number of North Dakota residents who are employed part-time but would prefer to work full-time if given the opportunity. It provides insight into the state's labor market and economic conditions, as involuntary part-time work can indicate underutilization of the workforce.
Methodology
The data is collected through the U.S. Current Population Survey conducted by the Census Bureau.
Historical Context
This series is used by economists, policymakers, and market analysts to assess labor market health and economic trends in North Dakota.
Key Facts
- Involuntary part-time employment in North Dakota reached a high of 20,000 in 2020.
- The series has trended downward since the COVID-19 pandemic, indicating improved labor market conditions.
- Involuntary part-time work can have negative impacts on household income and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of people in North Dakota who are employed part-time due to economic reasons, such as slack work or business conditions, rather than personal preference.
Q: Why is this trend relevant for users or analysts?
A: Tracking involuntary part-time employment provides important insights into the overall health of the North Dakota labor market and economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this series to assess labor market conditions and the extent of underemployment in North Dakota, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for North Dakota (INVOLPTEMPND), retrieved from FRED.