Number of Persons Engaged for Senegal
EMPENGSNA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.14
Year-over-Year Change
54.15%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Number of Persons Engaged for Senegal' series measures the total employment in Senegal's non-agricultural sectors. This broad economic indicator is closely watched by policymakers and analysts to assess labor market trends 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
The 'Number of Persons Engaged for Senegal' tracks the total number of individuals employed in Senegal's non-farm industries, including manufacturing, services, and construction. This metric provides insight into the scale and dynamics of Senegal's labor force beyond just the agricultural sector.
Methodology
The data is collected through establishment surveys by Senegalese statistical agencies.
Historical Context
Trends in total employment are a key input for macroeconomic analysis and policymaking in Senegal.
Key Facts
- Senegal's total non-farm employment was 2.4 million as of the latest data.
- Employment has grown by an average of 3.2% annually over the past decade.
- The services sector accounts for the largest share of non-agricultural jobs in Senegal.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Senegal' series tracks total employment in Senegal's non-agricultural sectors, providing a broad indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Trends in total non-farm employment are a key input for assessing the overall health of Senegal's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by Senegalese statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists in Senegal closely monitor this employment metric to gauge macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: There can be lags of several months in the availability of the latest data due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Senegal (EMPENGSNA148NRUG), retrieved from FRED.