Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Luxembourg
Annual, Seasonally Adjusted
LFEAICTTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,100.00
Year-over-Year Change
-19.05%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the total labor force in Algeria. This key economic indicator provides insights into the size and dynamics of the Algerian workforce, which is crucial for policymakers and economists analyzing 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 'Annual, Seasonally Adjusted' trend represents the total number of people in Algeria who are employed or actively seeking work, adjusted for seasonal variations. This metric is widely used to track the overall health and growth of the Algerian labor market.
Methodology
The data is collected through household surveys conducted by the Algerian National Statistics Office.
Historical Context
Policymakers and economists utilize this trend to inform decisions on economic and employment policies.
Key Facts
- Algeria's total labor force was 12.5 million in 2021.
- The labor force participation rate in Algeria was 41.2% in 2021.
- The unemployment rate in Algeria was 11.9% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of people in Algeria who are employed or actively seeking work, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the size and dynamics of the Algerian labor market, which is crucial for policymakers and economists analyzing employment conditions and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Algerian National Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this trend to inform decisions on economic and employment policies in Algeria.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAICTTLUA647S), retrieved from FRED.