Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Japan
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM74TTJPA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.09
Year-over-Year Change
-80.96%
Date Range
1/1/1979 - 1/1/2022
Summary
This trend measures the annual growth rate of the labor force in Thailand, a key indicator of economic activity and workforce dynamics.
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 labor force growth rate in Thailand tracks year-over-year changes in the total number of people employed or actively seeking work in the Thai economy. This metric provides important insights into labor market tightness, potential GDP growth, and demographic trends.
Methodology
The data is collected through household surveys and compiled by Thailand's National Statistical Office.
Historical Context
Policymakers and analysts use this indicator to assess the underlying health of the Thai labor market and inform economic and workforce development strategies.
Key Facts
- Thailand's labor force grew by 0.8% in 2021.
- The labor force participation rate in Thailand is around 68%.
- Thailand has a young and growing population, with a median age of 40 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of the total labor force in Thailand, including both employed individuals and those actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of economic activity and workforce dynamics, providing insights into labor market tightness, potential GDP growth, and demographic trends in Thailand.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Thailand's National Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the underlying health of the Thai labor market and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM74TTJPA657N), retrieved from FRED.