Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Russia
LFACTTTTRUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,468,400.00
Year-over-Year Change
-0.18%
Date Range
8/1/2009 - 6/1/2011
Summary
This economic trend measures the total labor force aged 15 and over in Russia. It is a key indicator of the size and dynamics of the Russian workforce, which is crucial for economists and policymakers analyzing the country's economic growth and labor market 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
The Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Russia tracks the total number of people aged 15 and older who are employed or actively seeking work in the Russian Federation. This metric provides important insights into the overall size and participation rate of the working-age population, which is essential for understanding Russia's economic performance and labor market trends.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
This labor force indicator is widely used by economists, government agencies, and international organizations to assess the health of the Russian economy and labor market.
Key Facts
- Russia's labor force totaled over 75 million people in 2022.
- The labor force participation rate in Russia was approximately 62% in 2021.
- Russia's labor force has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the labor force aged 15 and over in Russia, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The size and dynamics of the Russian labor force are crucial indicators for understanding the country's economic performance, labor market conditions, and workforce participation.
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: This labor force indicator is widely used by economists, government agencies, and international organizations to assess the health of the Russian economy and labor market, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual (more frequent than annual) basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Russia (LFACTTTTRUM647S), retrieved from FRED.