Number of Persons Engaged for Armenia
EMPENGAMA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-17.91%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Number of Persons Engaged for Armenia' is an economic indicator that measures the total number of individuals employed in the Armenian economy, including both employees and self-employed workers. This metric is a key gauge of labor market activity and overall economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total headcount of people engaged in productive economic activities in Armenia. It encompasses both formal and informal employment, providing a comprehensive view of the country's workforce. Economists and policymakers monitor this indicator to assess labor market trends and support employment-focused policies.
Methodology
The data is collected through surveys of Armenian households and businesses.
Historical Context
The 'Number of Persons Engaged' is used to inform economic policy decisions and analyze the state of the Armenian labor market.
Key Facts
- The series dates back to 1995.
- Armenia's workforce totaled over 1.5 million people as of the latest data.
- Employment levels have fluctuated with economic conditions in the country.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Armenia' measures the total number of individuals employed in the Armenian economy, including both employees and self-employed workers.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a comprehensive view of labor market activity in Armenia, which is crucial for economists and policymakers to assess economic health and guide employment-focused policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Armenian households and businesses.
Q: How is this trend used in economic policy?
A: The 'Number of Persons Engaged' is used to inform economic policy decisions and analyze the state of the Armenian labor market.
Q: Are there update delays or limitations?
A: The data is updated periodically, and there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Armenia (EMPENGAMA148NRUG), retrieved from FRED.