Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Russia
LFEMTTTTRUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,095,770.00
Year-over-Year Change
2.61%
Date Range
8/1/2009 - 12/1/2021
Summary
This trend measures total employment for individuals aged 15 and older in Russia. It provides important insights into the country's labor market dynamics and overall economic 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: Employment Total: 15 Years or over for Russia series tracks the total number of employed persons in Russia, regardless of industry or occupation. This metric is a key indicator of the health and stability of the Russian labor market and broader economy.
Methodology
The data is collected through household surveys conducted by the Russian Federal State Statistics Service.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the Russian economy and make informed decisions.
Key Facts
- Russia's total employment is over 70 million people.
- Employment levels have remained relatively stable over the past decade.
- The services sector is the largest employer in the Russian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons aged 15 and older in Russia, providing insights into the country's labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the overall health and stability of the Russian economy, and is closely monitored by policymakers and economists.
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 use this trend to assess the strength of the Russian labor market and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and potential limitations due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Russia (LFEMTTTTRUM647S), retrieved from FRED.