Number of Persons Engaged for Austria
EMPENGATA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.55
Year-over-Year Change
13.81%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Number of Persons Engaged for Austria' is an economic indicator that measures the total number of employed individuals in Austria. This data point is closely watched by economists and policymakers to gauge the overall health of the Austrian labor market.
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 represents the total number of people engaged in economic activity in Austria, including both employees and self-employed individuals. It is a key metric used to assess workforce participation, employment trends, and broader macroeconomic conditions in the country.
Methodology
The data is collected through surveys and administrative records by the Austrian statistical agency.
Historical Context
Policymakers and analysts monitor this indicator to inform economic and labor market policies.
Key Facts
- Austria had over 4.7 million persons engaged in 2021.
- The number of persons engaged in Austria has grown by 8% since 2015.
- Austria's employment-to-population ratio is among the highest in Europe.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Austria' measures the total number of individuals participating in economic activity in Austria, including both employees and self-employed workers.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a crucial metric for assessing the overall health and vitality of the Austrian labor market. It provides insights into workforce participation, employment levels, and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to inform economic and labor market policies, such as employment initiatives, workforce development programs, and macroeconomic strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Austria (EMPENGATA148NRUG), retrieved from FRED.