Number of Persons Engaged for Thailand
EMPENGTHA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.54
Year-over-Year Change
3.74%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Number of Persons Engaged for Thailand' tracks the total number of people actively employed in the Thai 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
The 'Number of Persons Engaged' represents the total number of individuals, both employees and self-employed, who are actively participating in the production of goods and services within Thailand. Economists closely monitor this statistic to assess the health and trajectory of the Thai labor market.
Methodology
The data is collected through national labor force surveys conducted by the Thai government.
Historical Context
Policymakers and analysts use this metric to inform economic and employment policies in Thailand.
Key Facts
- Thailand's total employment exceeded 38 million in 2021.
- The employment-to-population ratio in Thailand is around 70%.
- The services sector accounts for the largest share of employment in Thailand.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Thailand' tracks the total number of people actively employed in the Thai economy, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and overall economic activity in Thailand, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Thai government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and employment policies in Thailand, as it provides insights into the health and trajectory of the Thai labor market.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the Thai government's labor force surveys, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Thailand (EMPENGTHA148NRUG), retrieved from FRED.