Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Ohio
U4UNEM4OH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-26.32%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the percentage of the civilian labor force in Ohio, including discouraged workers, who are unemployed or have stopped looking for work due to discouragement.
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 'Total Unemployed Plus Discouraged Workers' metric provides a broader view of labor market conditions by capturing individuals who have stopped actively searching for employment. This data point is useful for economists and policymakers to assess the degree of labor market slack in Ohio.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding the overall health of the Ohio labor market and informing policy decisions.
Key Facts
- Ohio's total unemployed plus discouraged workers as a percent of the civilian labor force was 8.2% in 2022.
- The trend has decreased from a high of 12.3% in 2020 during the COVID-19 pandemic.
- Discouraged workers are not included in the headline unemployment rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in Ohio, including discouraged workers, who are unemployed or have stopped looking for work due to discouragement.
Q: Why is this trend relevant for users or analysts?
A: This broader measure of labor market conditions provides important context for understanding the degree of slack in the Ohio labor market, which is relevant for economists and policymakers.
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 trend is used by economists and policymakers to assess the overall health of the Ohio labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical delay of one to two months.
Related Trends
All Employees: Education and Health Services: Private Educational Services in Ohio
SMS39000006561000001
All Employees: State Government Educational Services in Ohio
SMU39000009092161101A
Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio
OHSECCOMINVQGSP
All Employees: Government: State Government Educational Services in Ohio
SMU39000009092161101
New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Ohio
OHBP1FH
Average Weekly Earnings of Production Employees: Financial Activities in Ohio
SMU39000005500000030
Citation
U.S. Federal Reserve, Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Ohio (U4UNEM4OH), retrieved from FRED.