Number of Persons Engaged for Malawi
EMPENGMWA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.95
Year-over-Year Change
58.99%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Number of Persons Engaged for Malawi' measures the total number of individuals employed or self-employed in Malawi's economy. This metric is a key indicator of 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 represents the total number of people actively engaged in productive economic activities in Malawi, including both employees and self-employed individuals. It is a broad measure of labor utilization that provides insight into the strength and structure of the Malawian economy.
Methodology
The data is collected through national labor force surveys and other statistical programs.
Historical Context
Policymakers and analysts use this metric to assess Malawi's economic performance and guide decisions on employment, investment, and development programs.
Key Facts
- Malawi's total persons engaged peaked at 7.78 million in 2019.
- The services sector accounts for the largest share of employment in Malawi.
- Agriculture remains a significant employer, with over 60% of the workforce engaged in farming.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of individuals employed or self-employed in Malawi's economy, providing a broad indicator of labor market conditions and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This employment data is crucial for policymakers and economists to assess the strength of Malawi's economy, guide decisions on employment, investment, and development programs.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and other statistical programs.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Malawi's economic performance and guide decisions on employment, investment, and development policies.
Q: Are there update delays or limitations?
A: The data may have some update delays depending on the availability of national labor force survey results.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Malawi (EMPENGMWA148NRUG), retrieved from FRED.