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 Oregon
U5UNEM5OR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.10
Year-over-Year Change
-27.14%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend tracks the percentage of the total potential labor force in Oregon that is either unemployed, discouraged from job seeking, 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, including discouraged and marginally attached workers who are not actively seeking jobs. It is a key indicator of overall labor market health and utilization in the state.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers use this measure to gauge the extent of labor market slack and underemployment in Oregon.
Key Facts
- Broader measure of labor underutilization than official unemployment rate.
- Includes discouraged and marginally attached workers not actively seeking jobs.
- Key indicator of overall labor market health and utilization in Oregon.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total potential labor force in Oregon that is either unemployed, discouraged from job seeking, or marginally attached to the workforce.
Q: Why is this trend relevant for users or analysts?
A: The U5 unemployment rate provides a broader measure of labor underutilization than the official unemployment rate, making it a key indicator of overall labor market health and utilization in the state.
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: Economists and policymakers use this measure to gauge the extent of labor market slack and underemployment in Oregon, which informs economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as the official unemployment rate statistics.
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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 Oregon (U5UNEM5OR), retrieved from FRED.