Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Estonia
LFIN64TTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153,975.00
Year-over-Year Change
-28.12%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the total number of persons outside the labor force aged 15 to 64 in Estonia. It provides crucial insights into labor market participation and the economically inactive population.
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 Estonia tracks the number of individuals in Estonia's prime working-age population who are not actively employed or seeking employment. This data helps economists and policymakers understand labor force dynamics and potential workforce capacity.
Methodology
The data is collected through household surveys by Estonia's national statistical agency.
Historical Context
This trend is used to inform labor market and economic policies in Estonia.
Key Facts
- Estonia's population aged 15-64 was 871,700 in 2021.
- The labor force participation rate in Estonia was 72.1% in 2021.
- The number of persons outside the labor force aged 15-64 in Estonia has declined since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 64 who are outside the labor force in Estonia. It provides insights into labor market participation and the economically inactive population.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding labor market dynamics and potential workforce capacity in Estonia, which can inform economic and labor policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used to inform labor market and economic policies in Estonia.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in publication.
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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 Estonia (LFIN64TTEEA647N), retrieved from FRED.