Number of Persons Engaged for Dominica
EMPENGDMA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
2.21%
Date Range
1/1/1989 - 1/1/2001
Summary
The 'Number of Persons Engaged for Dominica' measures the total number of individuals employed in the country's economy, providing insight into labor market trends and economic activity.
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 indicator represents the total employment level in Dominica, encompassing both employees and self-employed individuals across all sectors. It is a widely used metric for evaluating the overall health and growth of the domestic economy.
Methodology
The data is collected through household and business surveys conducted by the government of Dominica.
Historical Context
This employment measure is closely monitored by policymakers and analysts to inform economic and labor market policies.
Key Facts
- Dominica is a small island nation in the Caribbean.
- Employment levels are a key driver of economic growth and development.
- Tracking employment trends is crucial for policymakers and businesses.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Dominica' measures the total number of individuals employed in the country's economy, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This employment measure is a crucial indicator of the overall health and growth of Dominica's domestic economy, and is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the government of Dominica.
Q: How is this trend used in economic policy?
A: This employment measure is used by policymakers and analysts to inform economic and labor market policies in Dominica.
Q: Are there update delays or limitations?
A: The data may be subject to periodic update delays and potential limitations in survey coverage or respondent accuracy.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Dominica (EMPENGDMA148NRUG), retrieved from FRED.