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Hornstein-Kudlyak-Lange Non-Employment Index including People Working Part-Time for Economic Reasons (NEIPTERM156SFRBRIC)

Observation:

Feb 2024: 8.43034 (+ more)   Updated: Mar 14, 2024
Feb 2024:  8.43034  
Jan 2024:  8.32246  
Dec 2023:  8.31523  
Nov 2023:  8.20233  
Oct 2023:  8.22229  
View All

Units:

Percent,
Seasonally Adjusted

Frequency:

Monthly

NOTES

Source: Federal Reserve Bank of Richmond  

Release: Hornstein-Kudlyak-Lange Non-Employment Index  

Units:  Percent, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Hornstein-Kudlyak-Lange Non-Employment Index including People Working Part-Time for Economic Reasons (NEI+PTER) is a weighted average of all non-employed people and people working part-time for economic reasons expressed as the share of the civilian non-institutionalized population 16 years and older. The weights take into account persistent differences in each group's likelihood of transitioning back into employment. Because the NEI is more comprehensive and includes tailored weights of non-employed individuals, it arguably provides a more accurate reading of labor market conditions than the standard unemployment rate. For further information about this series, go to https://www.richmondfed.org/research/national_economy/non_employment_index.

Suggested Citation:

Federal Reserve Bank of Richmond, Hornstein-Kudlyak-Lange Non-Employment Index including People Working Part-Time for Economic Reasons [NEIPTERM156SFRBRIC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NEIPTERM156SFRBRIC, March 18, 2024.

RELEASE TABLES

Hornstein-Kudlyak-Lange Non-Employment Index

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