Number of Persons Engaged for the former Yugoslav Republic of Macedonia
EMPENGMKA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
35.70%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the total number of persons engaged in the former Yugoslav Republic of Macedonia. It is an important indicator of labor market activity and overall economic conditions in the country.
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' statistic represents the total number of individuals actively employed or self-employed in the former Yugoslav Republic of Macedonia. This metric is widely used by economists and policymakers to assess the health and growth of the Macedonian labor market and broader economy.
Methodology
The data is collected through national labor force surveys conducted by the State Statistical Office of Macedonia.
Historical Context
This trend is closely monitored by the National Bank of the Republic of North Macedonia and other government institutions to inform macroeconomic policy decisions.
Key Facts
- The number of persons engaged in North Macedonia has increased by over 10% since 2015.
- The services sector accounts for the largest share of total employment in the country.
- Youth unemployment remains a persistent challenge in the Macedonian labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who are employed or self-employed in the former Yugoslav Republic of Macedonia.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Persons Engaged' is a key indicator of labor market health and overall economic conditions in North Macedonia, making it essential for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the State Statistical Office of Macedonia.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the National Bank of the Republic of North Macedonia and other government institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based nature of this metric, and the figures may not capture all informal or unregistered employment in the country.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for the former Yugoslav Republic of Macedonia (EMPENGMKA148NRUG), retrieved from FRED.