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Hornstein-Kudlyak-Lange Non-Employment Index (NEIM156SFRBRIC)

Observation:

May 2018: 7.7830  
Updated: Jun 12, 2018

Units:

Percent,
Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
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(a) Hornstein-Kudlyak-Lange Non-Employment Index, Percent, Seasonally Adjusted (NEIM156SFRBRIC)
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.

Hornstein-Kudlyak-Lange Non-Employment Index

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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 (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.

Suggested Citation:

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, June 25, 2018.

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Richmond Fed Unemployment Indexes Seasonally Adjusted Rate Monthly United States of America Nation
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Hornstein-Kudlyak-Lange Non-Employment Index






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