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Hornstein-Kudlyak-Lange Non-Employment Index

March 12, 2026

The Hornstein-Kudlyak-Lange Non-Employment Index (NEI) was 7.7 percent in February 2026, decreasing by 0.4 percentage point compared to January 2026. The index was essentially unchanged compared to February 2025.

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Since 2021, the Collaboration of Research Economists (CORE) model has combined frontier research and an innovative delivery method to advance collaboration within the economics profession. Economists from a range of disciplines join with Richmond Fed economists eight times per year for seminars, collaboration, and formal and informal networking — all with an eye toward advancing economic research.

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