Leading Indicators OECD: Component series: Employment - Unemployment: Normalised for Portugal
PRTLOCOEMNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.64
Year-over-Year Change
-1.57%
Date Range
1/1/1974 - 10/1/2022
Summary
The OECD Leading Indicators Employment - Unemployment: Normalised for Portugal measures the normalized employment and unemployment trends in Portugal, providing insights into the country's economic 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
This OECD leading indicator tracks a composite of employment and unemployment data for Portugal, offering a forward-looking perspective on the Portuguese labor market and broader economic performance.
Methodology
The data is collected and calculated by the OECD using standardized methodologies across member countries.
Historical Context
This indicator is used by economists and policymakers to assess the health of the Portuguese economy and inform policy decisions.
Key Facts
- Portugal is a member of the OECD.
- This indicator is normalized to account for seasonal variations.
- The data is updated monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This OECD leading indicator measures the normalized trends in employment and unemployment in Portugal, providing insights into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for economists, policymakers, and analysts as it offers a forward-looking perspective on the health of the Portuguese economy and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using standardized methodologies across member countries.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess the state of the Portuguese economy and inform policy decisions that may impact employment, economic growth, and other key factors.
Q: Are there update delays or limitations?
A: The data is updated monthly by the OECD, with no significant delays or limitations reported.
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Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Portugal
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Employment - Unemployment: Normalised for Portugal (PRTLOCOEMNOSTSAM), retrieved from FRED.