Number of Persons Engaged for South Africa
EMPENGZAA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.64
Year-over-Year Change
17.63%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Number of Persons Engaged for South Africa' measures the total number of individuals employed in the South African economy, including both formal and informal sectors. 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
This series represents the total number of persons engaged in productive activities within the South African economy. It encompasses both employees and self-employed individuals, providing a comprehensive view of labor utilization across all industries and sectors.
Methodology
The data is collected through household and establishment surveys conducted by Statistics South Africa.
Historical Context
Policymakers and economists closely monitor this metric to assess the strength of the South African labor market and make informed decisions regarding economic and employment policies.
Key Facts
- The number of persons engaged in South Africa has increased by over 20% since 2010.
- The services sector accounts for the largest share of total employment in South Africa.
- Women's participation in the South African labor force has risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for South Africa' metric measures the total number of individuals employed in the South African economy, including both formal and informal sectors.
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 South Africa, which is crucial for policymakers and economists to assess the strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by Statistics South Africa.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to make informed decisions regarding economic and employment policies in South Africa.
Q: Are there update delays or limitations?
A: The data is published regularly by Statistics South Africa, though there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for South Africa (EMPENGZAA148NRUG), retrieved from FRED.