Number of Persons Engaged for Malaysia
EMPENGMYA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.12
Year-over-Year Change
41.52%
Date Range
1/1/1955 - 1/1/2019
Summary
The 'Number of Persons Engaged for Malaysia' measures the total number of people actively employed in the Malaysian economy. This key indicator provides insight into the overall health and dynamics of the Malaysian labor market.
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 tracks the total count of individuals engaged in economic activity in Malaysia, including both employees and self-employed persons. It serves as an important barometer of Malaysia's economic conditions and is closely monitored by policymakers and analysts.
Methodology
The data is collected through surveys of Malaysian businesses and households by the national statistical agency.
Historical Context
The 'Number of Persons Engaged' is a vital input for assessing Malaysia's macroeconomic performance and informing policy decisions.
Key Facts
- Malaysia's total persons engaged reached a record high in 2021.
- The services sector accounts for the largest share of persons engaged in Malaysia.
- Employment levels in Malaysia are closely tied to the country's economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Malaysia' measures the total count of individuals actively employed in the Malaysian economy, including both employees and self-employed persons.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health and dynamics of the Malaysian labor market, which is a crucial component of the country's macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Malaysian businesses and households by the national statistical agency.
Q: How is this trend used in economic policy?
A: The 'Number of Persons Engaged' is a vital input for assessing Malaysia's macroeconomic conditions and informing policy decisions by the government and central bank.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of the latest data due to the time required for data collection and processing by the statistical agency.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Malaysia (EMPENGMYA148NRUG), retrieved from FRED.