Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Portugal
LFEASETTPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,701,125.00
Year-over-Year Change
27.11%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures employment in the service sector of Portugal, providing insights into the country's labor market 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
The Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Portugal tracks the number of individuals employed in the service industry within Portugal. This metric is a key indicator of economic performance and is used by policymakers and analysts to assess the health and trajectory of the Portuguese economy.
Methodology
The data is collected through surveys and administrative records by the Portuguese statistical agency.
Historical Context
This employment trend is closely monitored by economists and policymakers to inform economic and labor market policies.
Key Facts
- Portugal's service sector accounts for over 60% of total employment.
- Service sector employment has grown steadily in Portugal over the past decade.
- Changes in service sector employment are closely tied to overall economic performance in Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the service sector of the Portuguese economy, providing insights into labor market conditions and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: The service sector is a crucial driver of economic growth in Portugal, and changes in service employment can signal shifts in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment trend to inform labor market policies and assess the overall health of the Portuguese economy.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in the reporting of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Portugal (LFEASETTPTA647N), retrieved from FRED.