Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Czechia
LFIN25TTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
429,100.00
Year-over-Year Change
-19.14%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 25 to 54 years who are outside the labor force in Czechia. This metric provides insights into labor market participation and workforce dynamics.
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 'Persons Outside the Labor Force Total: From 25 to 54 Years for Czechia' series represents the population of working-age individuals in Czechia who are not actively employed or seeking employment. This data is used by economists and policymakers to analyze labor supply and inform workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
This trend is monitored by central banks, labor ministries, and international organizations to assess labor market conditions and support evidence-based economic policies.
Key Facts
- Czechia has a working-age population of over 6.5 million.
- The labor force participation rate in Czechia is around 75%.
- Czechia has one of the lowest unemployment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 25 to 54 years who are outside the labor force in Czechia, meaning they are neither employed nor actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market participation and workforce dynamics, which are crucial for economists and policymakers to understand and address labor supply and workforce development issues.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is monitored by central banks, labor ministries, and international organizations to assess labor market conditions and support evidence-based economic policies, such as workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with occasional delays or revisions due to the survey methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Czechia (LFIN25TTCZA647N), retrieved from FRED.