Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Turkiye
LFAC25TTTRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,503,500.00
Year-over-Year Change
26.94%
Date Range
1/1/2006 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Turkiye' data series measures the size of the Turkish labor force between the ages of 25 to 54. This metric is a key indicator of workforce participation and 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 monthly data series tracks the total number of employed and unemployed Turkish adults aged 25 to 54. It provides insights into the core working-age population and is used by economists and policymakers to analyze labor market trends and the overall health of the Turkish economy.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
This labor force statistic is widely referenced by analysts, institutions, and officials in assessing Turkiye's economic performance and policy responses.
Key Facts
- The labor force aged 25-54 accounts for over 50% of Turkiye's total working-age population.
- Turkiye's labor force participation rate for the 25-54 age group is among the highest in the OECD.
- Changes in the 25-54 labor force are closely monitored as a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total size of the labor force in Turkiye for individuals between the ages of 25 and 54 years old.
Q: Why is this trend relevant for users or analysts?
A: The 25-54 age group represents the core working population, so this metric provides valuable insights into workforce participation, employment levels, and overall economic activity in Turkiye.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: This labor force statistic is widely referenced by analysts, institutions, and officials in assessing Turkiye's economic performance and informing policy responses.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay, providing timely insights into the Turkish labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Turkiye (LFAC25TTTRA647S), retrieved from FRED.