Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Finland
LRAC74TTFIQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.83
Year-over-Year Change
1.01%
Date Range
1/1/1998 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work in Finland. This metric is a key indicator of the health and utilization of the Finnish labor market.
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 tracks the proportion of the population aged 15 to 74 that is either employed or actively looking for work in Finland. It is widely used by economists and policymakers to gauge the underlying strength and utilization of the Finnish labor force.
Methodology
This data is collected through household surveys conducted by Statistics Finland.
Historical Context
The Labor Force Participation Rate is an important input for fiscal and monetary policy decisions in Finland.
Key Facts
- Finland's labor force participation rate averaged 67.4% from 2010-2020.
- The highest Finnish labor force participation rate in the last decade was 68.5% in 2019.
- Finland has one of the highest labor force participation rates among European countries.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population in Finland that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the Finnish labor market, providing insights into the underlying strength of the economy.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: The labor force participation rate is an important input for fiscal and monetary policy decisions in Finland.
Q: Are there update delays or limitations?
A: There may be some delays in the publication of this data, as it is based on survey responses.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Finland (LRAC74TTFIQ156S), retrieved from FRED.