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

Observation:

Apr 2017: 8.1494  
Updated: May 17, 2017

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, May 29, 2017.

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Labor Market Conditions Population, Employment, & Labor Markets

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






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