Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Czechia
Annual, Not Seasonally Adjusted
LFAC25TTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,883,175.00
Year-over-Year Change
-3.57%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual civilian labor force participation rate in Angola, which is a key indicator of the size and availability of the labor force.
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 civilian labor force participation rate represents the proportion of the working-age population that is either employed or actively seeking work. This metric is widely used by economists and policymakers to assess the underlying strength and potential of a country's labor market.
Methodology
The data is collected through household surveys by the National Statistical Office of Angola.
Historical Context
The labor force participation rate provides important context for interpreting employment, unemployment, and economic growth trends in Angola.
Key Facts
- Angola's labor force participation rate averaged 72.3% from 2000 to 2020.
- The participation rate reached a high of 73.7% in 2019 before declining slightly due to the COVID-19 pandemic.
- Angola has a relatively young population, with over 60% under the age of 25.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual civilian labor force participation rate in Angola, which represents the proportion of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the underlying strength and potential of a country's labor market, providing important context for interpreting employment, unemployment, and economic growth trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Statistical Office of Angola.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labor force participation rate to assess the size and availability of the labor force, which informs decisions on employment, education, and economic development policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedules of the National Statistical Office of Angola, which may result in occasional delays or gaps in the time series.
Related Trends
Value of Exports to Czech Republic from Washington
WACZEA052SCEN
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Czech Republic
CZEFCBODCKNUM
Production: Industry: Total Industry Excluding Construction for Czech Republic
PRINTO01CZQ659S
Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Czechia
LFEM74MACZA647S
International Merchandise Trade Statistics: Exports: Commodities for Czechia
XTEXVA01CZA659S
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Czechia
LMJVTTUVCZQ647S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC25TTCZA647N), retrieved from FRED.