Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Estonia
Annual, Not Seasonally Adjusted
LMUNRLTTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,661.50
Year-over-Year Change
-5.28%
Date Range
1/1/2000 - 1/1/2023
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in Ethiopia. Understanding unemployment levels is crucial for policymakers and economists to assess the overall health of the 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 annual, not seasonally adjusted unemployment rate in Ethiopia is an important indicator of the country's economic conditions. It provides insights into the availability of jobs and the ability of the workforce to find employment, which are key factors in evaluating the strength and growth potential of the Ethiopian economy.
Methodology
This data is collected through household surveys conducted by the Ethiopian Central Statistical Agency.
Historical Context
Policymakers and analysts use this unemployment rate metric to inform economic and labor market policies.
Key Facts
- Ethiopia's annual unemployment rate averaged 19.1% from 2010 to 2020.
- Unemployment is higher among youth, with a rate of 24.5% in 2020.
- The agricultural sector employs the largest share of the Ethiopian workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in Ethiopia, providing insights into the availability of jobs and the strength of the country's labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator for policymakers and economists to assess the overall health of the Ethiopian economy and inform economic and labor market policies.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by the Ethiopian Central Statistical Agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment rate metric to evaluate the strength and growth potential of the Ethiopian economy and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the survey collection and reporting timelines of the Ethiopian Central Statistical Agency.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRLTTEEA647N), retrieved from FRED.