Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark
LFEAICTTDKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
580,550.00
Year-over-Year Change
9.73%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures total employment, including construction, across all industries in Denmark. It provides valuable insights into the country's overall economic activity and labor market conditions.
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 Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark data series tracks the total number of individuals employed in Denmark's economy, encompassing all major industry sectors as well as the construction industry. This metric is a key indicator of the nation's economic performance and the strength of its labor market.
Methodology
The data is collected through comprehensive labor force surveys conducted by Denmark's statistical agency.
Historical Context
Policymakers and analysts use this employment trend to assess the health of the Danish economy and make informed decisions regarding economic and labor market policies.
Key Facts
- Denmark's total employment, including construction, exceeded 2.9 million in 2022.
- The employment trend has shown steady growth over the past decade, reflecting Denmark's economic resilience.
- The construction industry accounts for around 6% of total employment in Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in Denmark, across all major industry sectors including construction.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a key indicator of the overall health and performance of the Danish economy, providing valuable insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive labor force surveys conducted by Denmark's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to assess the state of the Danish labor market and inform decisions regarding economic and labor policies.
Q: Are there update delays or limitations?
A: The employment data is published on a regular basis, with minimal update delays. However, there may be some limitations in terms of industry-specific breakdowns or regional variations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark (LFEAICTTDKA647N), retrieved from FRED.