Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Louisiana
U6UNEM6LA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.60
Year-over-Year Change
-26.21%
Date Range
10/1/2003 - 7/1/2024
Summary
This economic trend measures the total number of unemployed individuals, marginally attached workers, and those employed part-time for economic reasons as a percentage of the civilian labor force plus all marginally attached workers in Louisiana.
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 U6 unemployment rate is a broader measure of labor underutilization than the standard unemployment rate, as it includes those who have stopped looking for work or are working fewer hours than desired. This metric provides a more comprehensive view of labor market conditions in Louisiana.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
The U6 unemployment rate is used by policymakers, economists, and market analysts to assess the overall health of the Louisiana labor market.
Key Facts
- The U6 unemployment rate in Louisiana is higher than the standard unemployment rate.
- The U6 rate includes those who have stopped looking for work or are working part-time due to economic reasons.
- The U6 rate provides a more comprehensive view of labor market conditions in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals, marginally attached workers, and those employed part-time for economic reasons as a percentage of the civilian labor force plus all marginally attached workers in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: The U6 unemployment rate provides a more comprehensive view of labor market conditions in Louisiana, as it includes those who have stopped looking for work or are working fewer hours than desired.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through household surveys.
Q: How is this trend used in economic policy?
A: The U6 unemployment rate is used by policymakers, economists, and market analysts to assess the overall health of the Louisiana labor market.
Q: Are there update delays or limitations?
A: The U6 unemployment rate data is subject to the same update schedule and limitations as the standard unemployment rate data for Louisiana.
Related Trends
State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Louisiana
LATOBACTAX
Production or Nonsupervisory Employees: Mining and Logging in Louisiana
SMU22000001000000006A
Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Louisiana
LAFURNMANQGSP
All Employees: Professional and Business Services: Employment Services in Louisiana
SMU22000006056130001SA
Gross Domestic Product: Real Estate (531) in Louisiana
LAREALNGSP
Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Louisiana
LABRDTELERGSP
Citation
U.S. Federal Reserve, Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Louisiana (U6UNEM6LA), retrieved from FRED.