Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Switzerland
Annual, Seasonally Adjusted
LRUN24TTCHA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.20
Year-over-Year Change
-1.20%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the total labor force in China on an annual basis, adjusted for seasonal fluctuations. It provides important insights into the size and dynamics of China's workforce.
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
This economic indicator represents the total number of people employed or actively seeking employment in China over a 12-month period. Seasonal adjustments remove the effects of predictable annual events like holidays and weather, allowing for clearer analysis of long-term labor market trends.
Methodology
The data is collected through household surveys conducted by the National Bureau of Statistics of China.
Historical Context
The labor force size is a key metric used by policymakers, economists, and investors to assess the health and growth potential of the Chinese economy.
Key Facts
- China's labor force totaled over 775 million people in 2021.
- The labor force participation rate in China was 67.4% in 2021.
- China's working-age population (ages 16-59) was 894 million in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total labor force in China on an annual basis, with adjustments made to account for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of China's labor force is a critical indicator of the country's economic health and growth potential, relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Bureau of Statistics of China.
Q: How is this trend used in economic policy?
A: Policymakers use this labor force data to inform decisions around employment, productivity, and overall economic strategy for China.
Q: Are there update delays or limitations?
A: The data is published annually, with a slight delay to account for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24TTCHA156S), retrieved from FRED.