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 Hawaii
U5UNEM5HI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.90
Year-over-Year Change
-58.51%
Date Range
10/1/2003 - 7/1/2024
Summary
This indicator tracks the percentage of the civilian labor force in Hawaii that is unemployed, discouraged, or marginally attached to the workforce.
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 U5 unemployment rate provides a broader measure of labor underutilization than the official unemployment rate, capturing those who have stopped searching for work or are only marginally attached to the labor force.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by economists and policymakers to assess the true state of Hawaii's labor market.
Key Facts
- Hawaii's U5 unemployment rate is currently XX.X%.
- The U5 rate is higher than the official unemployment rate, indicating more labor market slack.
- The U5 metric provides a more comprehensive view of underutilized labor in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The U5 unemployment rate measures the percentage of the civilian labor force in Hawaii that is unemployed, discouraged, or marginally attached to the workforce.
Q: Why is this trend relevant for users or analysts?
A: The U5 rate provides a broader and more accurate assessment of labor market conditions in Hawaii than the standard unemployment rate, giving economists and policymakers a more comprehensive view of labor underutilization.
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: The U5 unemployment rate is used by economists and policymakers to evaluate the true state of the labor market in Hawaii and inform policy decisions.
Q: Are there update delays or limitations?
A: The U5 unemployment data for Hawaii is updated monthly, with a typical release lag of approximately 3-4 weeks.
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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 Hawaii (U5UNEM5HI), retrieved from FRED.