Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Portugal
LFEM74TTPTA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.16
Year-over-Year Change
-260.61%
Date Range
1/1/1999 - 1/1/2022
Summary
This economic indicator measures total employment for individuals aged 15 to 74 in Portugal. It provides insight into the health and dynamics of the Portuguese labor market.
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 Total: From 15 to 74 Years for Portugal is a key measure of labor force participation and economic activity. It tracks the total number of employed individuals within the specified age range, offering valuable data for analyzing workforce trends and informing economic policymaking.
Methodology
The data is collected through household surveys conducted by the Portuguese National Statistical Institute.
Historical Context
This employment trend is closely monitored by policymakers, economists, and market analysts to assess the overall strength of the Portuguese economy.
Key Facts
- Employment for ages 15-74 in Portugal totaled 5.1 million in 2021.
- The employment rate for this age group was 68.7% in 2021.
- Service sectors account for the largest share of employment in Portugal.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employed individuals aged 15 to 74 in Portugal, providing insight into the country's labor force participation and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This employment data is crucial for understanding the health of the Portuguese economy and informing economic policymaking. It helps analysts and policymakers assess workforce dynamics and labor market trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese National Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this employment trend to assess the overall strength of the Portuguese economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Portuguese National Statistical Institute, with occasional delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Portugal (LFEM74TTPTA657N), retrieved from FRED.