Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Arkansas
U4UNEM4AR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
-25.49%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend tracks the total number of unemployed individuals plus discouraged workers as a percentage of the civilian labor force plus discouraged workers in the state of Arkansas.
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
The U4UNEM4AR series provides a broader measure of labor market distress by including discouraged workers, who have stopped looking for work due to perceived lack of available jobs, in addition to the officially unemployed. This metric is useful for policymakers and analysts to gauge the true extent of labor market slack in Arkansas.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to inform workforce development policies and economic stimulus measures in Arkansas.
Key Facts
- Arkansas has a higher rate of labor underutilization than the national average.
- The U4UNEM4AR metric peaked during the COVID-19 pandemic in 2020.
- Discouraged workers make up a significant portion of the underutilized labor pool in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals plus discouraged workers as a percentage of the civilian labor force plus discouraged workers in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This broader measure of labor market distress provides a more accurate picture of the true extent of underutilization in the Arkansas labor force, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric informs workforce development policies and economic stimulus measures in Arkansas.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as other labor force statistics published by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Arkansas (U4UNEM4AR), retrieved from FRED.