Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Switzerland
Annual, Not Seasonally Adjusted
LRUN55TTCHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.43
Year-over-Year Change
2.24%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the civilian labor force in Chile. This key macroeconomic indicator provides insights into the size and composition of the Chilean 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
The civilian labor force represents the number of people in Chile who are employed or actively seeking work. This metric is widely used by economists and policymakers to analyze labor market trends and inform economic policies.
Methodology
The data is collected through household surveys conducted by the National Statistics Institute of Chile.
Historical Context
Trends in the Chilean labor force are closely monitored by the central bank and government to assess employment, productivity, and overall economic health.
Key Facts
- Chile's labor force totaled over 9 million in 2021.
- The labor force participation rate in Chile was 61.6% in 2021.
- Chile's unemployment rate stood at 7.2% as of the latest annual data.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the size of the civilian labor force in Chile, which includes people who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the strength and composition of the Chilean labor market, which is essential for assessing the country's overall economic health and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Statistics Institute of Chile.
Q: How is this trend used in economic policy?
A: Trends in the Chilean labor force are closely monitored by the central bank and government to evaluate employment, productivity, and overall economic performance, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The annual data is subject to a typical 1-2 month release lag, and may be revised over time as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTCHA156N), retrieved from FRED.