Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Russia
LFAC74TTRUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,259,730.00
Year-over-Year Change
-0.83%
Date Range
1/1/1999 - 10/1/2021
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Russia' measures the total labor force in Russia for individuals aged 15 to 74. This key economic indicator provides insight into Russia's workforce dynamics and labor market trends.
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 series tracks the total size of Russia's labor force, including both employed and unemployed individuals between the ages of 15 and 74. Economists and policymakers use this data to analyze the strength and composition of the Russian labor market over time.
Methodology
The data is collected through household surveys by the Federal State Statistics Service of Russia.
Historical Context
This labor force statistic is used to inform economic and employment policies in Russia.
Key Facts
- Russia's labor force totaled over 76 million in 2021.
- The labor force participation rate in Russia was 62.1% in 2021.
- The size of Russia's working-age population (15-74) was 110 million in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the labor force in Russia for individuals aged 15 to 74, including both employed and unemployed workers.
Q: Why is this trend relevant for users or analysts?
A: This labor force statistic provides important insights into the strength and composition of the Russian labor market, which is crucial for economic and employment policymaking.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: This labor force data is used by Russian policymakers and economists to inform economic and employment policies, monitor workforce trends, and assess the overall health of the Russian labor market.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Russia (LFAC74TTRUQ647S), retrieved from FRED.