Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Russia
RUSLREM25TTSTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.04
Year-over-Year Change
3.36%
Date Range
8/1/2009 - 12/1/2021
Summary
The Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Russia measures the percentage of the Russian population aged 25 to 54 who are employed. This key labor market indicator provides insights into the economic activity and workforce participation of prime-working-age adults.
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 employment rate trend represents the share of the Russian population aged 25 to 54 who are actively working, either as employees or self-employed. It is a valuable metric for assessing the strength and utilization of a country's prime-age labor force, which is crucial for economic growth and development.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
Policymakers and economists closely monitor this employment rate to gauge the health of the Russian labor market and inform economic and social policies.
Key Facts
- The average employment rate for 25-54 year-olds in Russia is around 90%.
- Russia's prime-age employment rate is higher than the OECD average.
- The employment rate for this age group has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Russia measures the percentage of the Russian population aged 25 to 54 who are employed, either as employees or self-employed.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is a key indicator of the strength and utilization of Russia's prime-age labor force, which is crucial for economic growth and development. It provides insights into the overall health of the Russian labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment rate to assess the health of the Russian labor market and inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is released on an intra-annual basis, providing frequent updates on the employment situation in Russia.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Russia (RUSLREM25TTSTM), retrieved from FRED.