Number of Persons Engaged for Colombia
EMPENGCOA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.20
Year-over-Year Change
17.95%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the total number of persons engaged in Colombia's economy, including both employees and self-employed individuals. It is a key indicator 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
The Number of Persons Engaged for Colombia tracks the total number of individuals participating in the country's workforce, both in formal employment and self-employment. This metric provides valuable insights into the scale and dynamics of Colombia's labor market, which is crucial for economic analysis and policymaking.
Methodology
The data is collected through surveys of households and businesses in Colombia.
Historical Context
Economists and policymakers use this trend to assess the strength of the Colombian economy and labor market.
Key Facts
- Colombia's workforce includes both employees and self-employed individuals.
- The Number of Persons Engaged trend provides a comprehensive view of labor market participation.
- This metric is crucial for evaluating the overall health and growth of the Colombian economy.
FAQs
Q: What does this economic trend measure?
A: The Number of Persons Engaged for Colombia measures the total number of individuals participating in the country's workforce, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists, policymakers, and analysts as it provides valuable insights into the scale and dynamics of Colombia's labor market, which is a key indicator of the overall health and growth of the Colombian economy.
Q: How is this data collected or calculated?
A: The data for the Number of Persons Engaged for Colombia is collected through surveys of households and businesses in the country.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of the Colombian labor market and the broader economy, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The Number of Persons Engaged for Colombia data is subject to update delays and may have certain limitations, as is common with economic statistics collected through surveys.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Colombia (EMPENGCOA148NRUG), retrieved from FRED.