Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Connecticut
U5UNEM5CT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-46.25%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the total number of unemployed individuals, plus discouraged workers and other marginally attached workers, as a percentage of the civilian labor force plus all marginally attached workers in the state of Connecticut.
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 metric provides a more comprehensive view of labor market slack and underutilization of human capital in Connecticut compared to the official unemployment rate. It is used by economists and policymakers to better understand the true extent of labor market distress in the state.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This broader measure of labor market conditions informs economic and workforce development policies in Connecticut.
Key Facts
- This measure was over 15% in Connecticut during the COVID-19 pandemic.
- It captures a wider range of joblessness than the official unemployment rate.
- The data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals, plus discouraged workers and other marginally attached workers, as a percentage of the civilian labor force plus all marginally attached workers in Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This broader measure of labor market conditions provides a more comprehensive view of labor market slack and underutilization of human capital in Connecticut compared to the official unemployment rate, informing economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This measure of labor market conditions informs economic and workforce development policies in Connecticut.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Connecticut (U5UNEM5CT), retrieved from FRED.