Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland
LFEM25TTIEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-105.01%
Date Range
7/1/1999 - 7/1/2023
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland' measures the employment level of individuals aged 25 to 54 in Ireland. This key labor market indicator provides insights into the prime working-age population's economic activity.
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 data series tracks the total employment of Irish residents aged 25 to 54, a crucial demographic for assessing the health and dynamism of the national labor force. Economists and policymakers monitor this metric to understand trends in workforce participation, productivity, and the broader economic climate.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers use this employment metric to inform decisions around economic and workforce development initiatives.
Key Facts
- Ireland's 25-54 employment level was 1.78 million as of the latest data.
- Employment in this age group accounts for over 60% of Ireland's total employment.
- The 25-54 employment rate in Ireland is consistently higher than the EU average.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland' tracks the total number of employed individuals aged 25 to 54 in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the core of Ireland's working-age population and labor force, which is crucial for evaluating the country's economic health and growth potential.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment metric to inform decisions around economic and workforce development initiatives in Ireland.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays or revisions due to the survey-based collection methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland (LFEM25TTIEQ657S), retrieved from FRED.