Number of Persons Engaged for Russian Federation
EMPENGRUA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.67
Year-over-Year Change
0.72%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Number of Persons Engaged for Russian Federation' measures the total number of people employed in the Russian economy. This metric is important for economists and policymakers to assess 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 persons engaged in economic activities in Russia, including both employees and self-employed individuals. It is a key indicator of the size and composition of the Russian labor force and can provide insights into productivity, growth, and employment trends.
Methodology
The data is collected through surveys and administrative records by the Russian Federal State Statistics Service.
Historical Context
Policymakers and analysts use this metric to evaluate the health of the Russian economy and inform decisions around fiscal, monetary, and labor market policies.
Key Facts
- The number of persons engaged in Russia reached a record high of 72.4 million in 2019.
- The services sector accounts for the largest share of employment in Russia.
- Employment levels in Russia have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Russian Federation' measures the total number of people employed in the Russian economy, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess labor market conditions and overall economic activity in Russia, which can inform decisions around fiscal, monetary, and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the health of the Russian economy and inform decisions around fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Russian Federal State Statistics Service, but there may be some delays in reporting or potential limitations in coverage or accuracy.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Russian Federation (EMPENGRUA148NRUG), retrieved from FRED.