Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Portugal
LFEMTTTTPTQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,186,275.00
Year-over-Year Change
5.71%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures total employment for individuals aged 15 and over in Portugal. It is a key indicator of labor market health and economic activity in the country.
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: Employment Total: 15 Years or over for Portugal provides a timely snapshot of the Portuguese labor market. This series is closely monitored by economists, policymakers, and businesses to assess the broader economic conditions and outlook.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
This employment trend is widely used to inform monetary and fiscal policy decisions in Portugal.
Key Facts
- Portugal's employment rate reached a record high in 2022.
- The services sector accounts for the largest share of total employment.
- Youth unemployment remains a persistent challenge in the Portuguese labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals aged 15 and over in Portugal. It is a key indicator of the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The employment trend provides valuable insights into the overall health of the Portuguese economy and is closely monitored by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Portugal.
Q: How is this trend used in economic policy?
A: This employment trend is widely used to inform monetary and fiscal policy decisions in Portugal, as it reflects the broader economic conditions and labor market dynamics.
Q: Are there update delays or limitations?
A: The employment data is released on a regular, timely basis, with minimal delays. However, as with any survey-based data, there may be some limitations in terms of sample size and coverage.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Portugal (LFEMTTTTPTQ647S), retrieved from FRED.