Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia
LFIN64TTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,494,525.00
Year-over-Year Change
-27.25%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total number of people aged 15 to 64 years old who are outside the labor force in Czechia. It provides insight into labor market participation and population 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 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia' trend represents the number of individuals aged 15 to 64 who are not employed or actively seeking work in the Czech Republic. This metric is used by economists and policymakers to analyze labor force participation and workforce trends.
Methodology
The data is collected through labor force surveys conducted by the Czech Statistical Office.
Historical Context
This metric is relevant for understanding labor market conditions and informing economic and social policies in Czechia.
Key Facts
- Czechia had over 5.8 million people aged 15-64 outside the labor force in 2022.
- The labor force participation rate in Czechia was 75.2% in 2022.
- Women make up a larger share of those outside the labor force in Czechia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 15 to 64 years old in Czechia who are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market participation and workforce dynamics, which are important for economic and social policy analysis in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand labor market conditions and inform employment, education, and social policies in Czechia.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia (LFIN64TTCZA647N), retrieved from FRED.