Number of Persons Engaged for Egypt
EMPENGEGA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.79
Year-over-Year Change
27.84%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Number of Persons Engaged for Egypt' tracks the total number of individuals employed in the Egyptian economy. This metric is a key indicator of overall economic activity and labor market conditions.
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 measures the total number of people actively engaged in productive economic activities in Egypt, including both employees and self-employed individuals. It provides insight into the scale and health of the Egyptian labor market and is widely used by economists and policymakers to assess macroeconomic performance.
Methodology
The data is collected through surveys of businesses and households by the Egyptian government's statistical agency.
Historical Context
Policymakers and analysts monitor this trend to gauge the Egyptian economy's trajectory and inform decisions on fiscal, monetary, and labor market policies.
Key Facts
- The Number of Persons Engaged for Egypt reached a record high in 2021.
- Egypt's labor force participation rate is approximately 45%.
- The employment trend is a key input for Egypt's GDP growth forecasts.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Egypt' tracks the total number of individuals employed in the Egyptian economy, including both employees and self-employed workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and health of the Egyptian labor market, which is a critical component of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Egyptian government's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the Egyptian economy's trajectory and inform decisions on fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays in reporting due to the complexity of data collection across the Egyptian economy.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Egypt (EMPENGEGA148NRUG), retrieved from FRED.