Number of Persons Engaged for Iceland
EMPENGISA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
10.03%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Number of Persons Engaged for Iceland' measures the total number of employed individuals in Iceland, providing insight into the country's labor market and overall 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 economic indicator represents the total number of people engaged in productive economic activities in Iceland, including both employees and self-employed individuals. It is a key metric used by economists and policymakers to assess the health and trends of the Icelandic labor market.
Methodology
The data is collected through surveys and administrative records by the Icelandic government.
Historical Context
The 'Number of Persons Engaged' is widely used to inform economic and labor market policies in Iceland.
Key Facts
- Iceland's employment level reached a record high in 2022.
- The services sector accounts for the largest share of employment in Iceland.
- Iceland has one of the highest labor force participation rates in the OECD.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Iceland' measures the total number of people employed in Iceland, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the overall state of the Icelandic labor market and economy, which is crucial for economic analysis, policy decisions, and business planning.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Icelandic government.
Q: How is this trend used in economic policy?
A: The 'Number of Persons Engaged' is widely used by Icelandic policymakers and economists to monitor labor market conditions, inform employment policies, and assess the overall health of the Icelandic economy.
Q: Are there update delays or limitations?
A: The data is typically released with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Iceland (EMPENGISA148NRUG), retrieved from FRED.