Categories > Population, Employment, & Labor Markets > Labor Market Conditions
Observation:
Apr 2023: 7.26417 (+ more) Updated: May 11, 2023Apr 2023: | 7.26417 | |
Mar 2023: | 7.30141 | |
Feb 2023: | 7.31469 | |
Jan 2023: | 7.25063 | |
Dec 2022: | 7.38825 | |
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Units:
Percent,Frequency:
MonthlyData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: Federal Reserve Bank of Richmond
Release: Hornstein-Kudlyak-Lange Non-Employment Index
Units: Percent, Seasonally Adjusted
Frequency: Monthly
The Hornstein-Kudlyak-Lange Non-Employment Index (NEI) is a weighted average of all non-employed people 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.
Federal Reserve Bank of Richmond, Hornstein-Kudlyak-Lange Non-Employment Index [NEIM156SFRBRIC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NEIM156SFRBRIC, May 31, 2023.