Employed Involuntary Part-Time for South Dakota
INVOLPTEMPSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,100.00
Year-over-Year Change
-11.59%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Employed Involuntary Part-Time for South Dakota' metric tracks the number of South Dakota residents who are working part-time jobs involuntarily, providing insight into underemployment 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 South Dakota workers who are employed part-time but would prefer to work full-time. It is an important indicator of labor market slack and the degree of underemployment in the state's economy.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this metric to assess the health of the South Dakota labor market and identify potential areas for economic improvement.
Key Facts
- South Dakota's involuntary part-time employment peaked at 36,000 in 2020.
- Involuntary part-time work accounts for around 6% of total employment in South Dakota.
- The metric has declined from its pandemic high but remains elevated compared to pre-2020 levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of South Dakota residents who are employed part-time but would prefer to work full-time, providing insight into underemployment in the state.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the 'Employed Involuntary Part-Time' metric helps policymakers and economists assess the health of the South Dakota labor market and identify potential areas for economic improvement.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the degree of underemployment in South Dakota and inform decisions related to economic development and labor market policies.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential limitations of the Current Population Survey.
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Citation
U.S. Federal Reserve, Employed Involuntary Part-Time for South Dakota (INVOLPTEMPSD), retrieved from FRED.