Number of Persons Engaged for New Zealand
EMPENGNZA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
14.26%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the total number of persons engaged in economic activity in New Zealand. It is a key metric for assessing labor market dynamics and overall economic performance.
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, including both employees and self-employed workers, participating in productive economic activities within New Zealand. This data point is widely used by economists and policymakers to evaluate labor market trends and the health of the broader economy.
Methodology
The data is collected through surveys of businesses and households by New Zealand's national statistical agency.
Historical Context
This metric provides important context for interpreting other economic indicators like employment, productivity, and GDP.
Key Facts
- New Zealand has a population of around 5 million.
- The total number of persons engaged was over 2.4 million as of the latest data.
- The 'Number of Persons Engaged' has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total number of individuals, including both employees and self-employed workers, participating in productive economic activities within New Zealand.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Persons Engaged' is a key metric for assessing labor market dynamics and the overall health of the New Zealand economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by New Zealand's national statistical agency.
Q: How is this trend used in economic policy?
A: This metric provides important context for interpreting other economic indicators and is used by economists and policymakers to evaluate labor market trends and broader economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, making it a timely and reliable indicator of New Zealand's economic activity.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for New Zealand (EMPENGNZA148NRUG), retrieved from FRED.