Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Turkiye
LFACTTTTTRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-96.86%
Date Range
1/1/2006 - 7/1/2023
Summary
This economic trend measures the total labor force in Turkiye for individuals aged 15 and over. It provides insights into the overall size and participation of the working population, which is crucial for economic policymakers and analysts.
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 Labor Force Total: 15 Years or over for Turkiye trend represents the total number of individuals aged 15 and above who are either employed or actively seeking employment in the Turkish labor market. This metric is widely used to assess the health and dynamics of the country's workforce.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
This trend is essential for monitoring labor market conditions and informing economic policy decisions.
Key Facts
- Turkiye's labor force totaled over 33 million in 2022.
- The labor force participation rate in Turkiye was 53.1% in 2022.
- Turkiye's unemployment rate stood at 10.7% in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 15 and above who are either employed or actively seeking employment in the Turkish labor market.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the overall size and dynamics of Turkiye's workforce, which is essential for economic policymakers and analysts to monitor labor market conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the health of the Turkish labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Turkish Statistical Institute, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Turkiye (LFACTTTTTRQ657S), retrieved from FRED.