Infra-Annual Labor Statistics: Unemployment Rate Male: 15 Years or over for Turkiye
Annual, Not Seasonally Adjusted
LRUNTTMATRA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.12
Year-over-Year Change
-6.86%
Date Range
1/1/2006 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total labor force in Trinidad and Tobago on an unadjusted annual basis. This metric is important for policymakers to understand long-term employment and economic activity trends in the country.
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 series represents the total labor force in Trinidad and Tobago, including both employed and unemployed individuals who are actively seeking work. The unadjusted annual data provides a high-level view of the island nation's workforce without the volatility of seasonal factors.
Methodology
The data is collected through household surveys and administrative records by the country's statistical agency.
Historical Context
Policymakers and analysts use this trend to gauge the overall size and participation in the Trinidad and Tobago labor market.
Key Facts
- Trinidad and Tobago's labor force totaled 639,600 in 2021.
- The labor force participation rate was 59.1% in 2021.
- Employment grew by 1.9% in Trinidad and Tobago from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total labor force in Trinidad and Tobago, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a high-level view of the size and participation in Trinidad and Tobago's labor market, which is crucial for policymakers and economists to understand economic activity and employment trends in the country.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and administrative records by Trinidad and Tobago's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this annual, unadjusted labor force data to gauge the overall size and participation in the Trinidad and Tobago labor market, which informs economic and employment policies.
Q: Are there update delays or limitations?
A: The data is published on an annual basis, so there may be a lag of several months between the reference year and the data release.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTMATRA156N), retrieved from FRED.