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 Nebraska
U5UNEM5NE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
-2.78%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the total number of unemployed individuals in Nebraska, including those who have stopped searching for work, as a percentage of the total civilian labor force and marginally attached workers.
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 market slack by including discouraged workers and other marginally attached individuals who have stopped actively searching for jobs but remain available for work.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using household survey responses.
Historical Context
Policymakers and economists use this metric to better understand the extent of underutilized labor in the Nebraska economy.
Key Facts
- The U5 unemployment rate includes more workers than the official U3 rate.
- Nebraska's U5 unemployment rate tends to be lower than the national average.
- The U5 rate provides a broader view of labor market slack and underutilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals in Nebraska, including those who have stopped searching for work, as a percentage of the total civilian labor force and marginally attached workers.
Q: Why is this trend relevant for users or analysts?
A: The U5 unemployment rate provides a more comprehensive view of labor market slack and underutilization in the Nebraska economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using household survey responses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to better understand the extent of underutilized labor in the Nebraska economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The U5 unemployment rate data for Nebraska is published monthly with a short delay, and may be subject to revisions.
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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 Nebraska (U5UNEM5NE), retrieved from FRED.