Number of Persons Engaged for Lebanon
EMPENGLBA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
52.17%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Number of Persons Engaged for Lebanon' metric tracks the total number of individuals employed in the Lebanese economy, providing key insights into labor market conditions 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 series measures the total number of persons engaged in economic production in Lebanon, including both employees and self-employed individuals. It is a broad indicator of labor market dynamics and can be used to assess the health and growth of the Lebanese economy.
Methodology
The data is collected through surveys of businesses and households in Lebanon.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to gauge the strength of the Lebanese economy and inform economic policy decisions.
Key Facts
- Lebanon has a population of around 6.8 million people.
- The service sector accounts for the largest share of employment in Lebanon.
- Unemployment in Lebanon has been persistently high, reaching over 25% in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Lebanon' metric measures the total number of individuals employed in the Lebanese 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 overall health and growth of the Lebanese economy, as it reflects labor market dynamics and the level of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households in Lebanon.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this metric to gauge the strength of the Lebanese economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions, and there may be limitations in the coverage or timeliness of the information.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Lebanon (EMPENGLBA148NRUG), retrieved from FRED.