Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Portugal
LRACTTTTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.96
Year-over-Year Change
2.57%
Date Range
1/1/1998 - 1/1/2025
Summary
The Labor Force Participation Rate Total: 15 Years or over for Portugal measures the percentage of the Portuguese population aged 15 and older that is employed or actively seeking work. This key economic indicator provides insight into labor market 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 participation rate is a measure of the active portion of an economy's labor force. It tracks the percentage of working-age people who are employed or actively looking for work. This data point is closely monitored by economists and policymakers to assess labor market trends and the overall health of the economy.
Methodology
The data is collected through household surveys by Portugal's National Statistics Institute.
Historical Context
Labor force participation rates are used to evaluate employment, plan fiscal and monetary policies, and analyze workforce trends.
Key Facts
- Portugal's labor force participation rate is currently around 60%.
- The rate has declined from its peak in the early 2000s.
- Low participation can indicate labor market challenges.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Force Participation Rate Total: 15 Years or over for Portugal measures 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: This metric provides important insights into the strength and dynamics of Portugal's labor market, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Portugal's National Statistics Institute.
Q: How is this trend used in economic policy?
A: Labor force participation rates are closely monitored by policymakers and economists to evaluate employment, plan fiscal and monetary policies, and analyze workforce trends.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Portugal (LRACTTTTPTQ156S), retrieved from FRED.