Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Finland
Annual, Not Seasonally Adjusted
LRUN74TTFIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.38
Year-over-Year Change
6.64%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the civilian labor force participation rate in Thailand. This key economic indicator provides insights into labor market dynamics and workforce engagement.
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 civilian labor force participation rate represents the percentage of the working-age population that is employed or actively seeking employment. This statistic is widely used by economists and policymakers to analyze labor market conditions and workforce engagement in the Thai economy.
Methodology
The data is collected through household surveys conducted by the Thai National Statistical Office.
Historical Context
Labor force participation is a critical input for assessing economic growth, employment, and policy effectiveness.
Key Facts
- Thailand's labor force participation rate averaged 68.7% from 2010 to 2020.
- Participation rates are higher for men (81.1%) than women (56.4%) in Thailand.
- The labor force participation rate peaked at 70.4% in 2018 before declining in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the civilian labor force participation rate in Thailand, which represents the percentage of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of workforce engagement and labor market conditions, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Thai National Statistical Office.
Q: How is this trend used in economic policy?
A: Labor force participation is a critical input for assessing economic growth, employment, and the effectiveness of policy interventions in the Thai economy.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a lag of several months between the reference period and the data release.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN74TTFIA156N), retrieved from FRED.