Carve Your Pumpkin With Labor Market Data

With Halloween just around the corner, it’s time to update our Chernoff jack-o’-lanterns. Chernoff faces are designed to display multiple variables as facial expressions, but we’ve carved ours with labor data from JobsEQ. Each facial feature on the pumpkin displays data on employment or wages in the state.

The unemployment rate is 3.7%. It is also 4.0%, 4.6% and 7.2%.

While the official unemployment rate does help in assessing the status of the labor market, it can be misleading or only show a portion of the big picture. In this blog, we walk you through three more measures of unemployment, which take into account discouraged workers, marginally attached workers, and underemployed workers.