Annual, Not Seasonally Adjusted
LFPOTTFEFRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,077,400.00
Year-over-Year Change
5.50%
Date Range
1/1/2003 - 1/1/2013
Summary
This economic trend measures the labor force participation rate for Thailand. It is a key indicator of the health and utilization of the Thai workforce, providing insights into economic growth and development.
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 participation rate represents the percentage of the working-age population that is employed or actively seeking work. It is a widely used metric for assessing the overall labor market and employment conditions in Thailand.
Methodology
The data is collected through household surveys conducted by the Thai National Statistical Office.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions on fiscal, monetary, and labor market policies.
Key Facts
- Thailand's labor force participation rate was 67.8% in 2021.
- The rate has declined from a high of 71.5% in 2010.
- Participation is higher among men than women in Thailand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate in Thailand, which represents the percentage of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the Thai workforce, providing insights into economic growth and development that are relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Thai National Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to inform decisions on fiscal, monetary, and labor market policies in Thailand.
Q: Are there update delays or limitations?
A: The data is released annually, with some potential for delays in publication.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFPOTTFEFRA647S), retrieved from FRED.