Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Ireland
LFIN64TTIEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
778,229.20
Year-over-Year Change
-0.42%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic indicator tracks the total number of persons aged 15 to 64 years who are outside the labor force in Ireland. It provides insights into labor market participation and potential workforce capacity.
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 Ireland measures the population of working-age individuals who are not actively employed or seeking employment. This metric is useful for analyzing labor force trends and informing economic and workforce development policies.
Methodology
The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
This indicator is widely used by policymakers, economists, and labor market analysts to evaluate labor force participation and identify potential sources of economic growth.
Key Facts
- Ireland's working-age population outside the labor force totaled over 1.2 million in 2022.
- The labor force participation rate in Ireland was 73.3% as of the latest data.
- The Infra-Annual Labor Statistics provide a more granular view of labor market trends compared to annual data.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of persons aged 15 to 64 years who are not employed or actively seeking work in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor force participation and the potential workforce capacity, which are key considerations for economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and labor market analysts use this indicator to evaluate labor force participation and identify potential sources of economic growth.
Q: Are there update delays or limitations?
A: The Infra-Annual Labor Statistics are released on a quarterly basis, providing a more timely view of labor market trends compared to annual data.
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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 Ireland (LFIN64TTIEQ647S), retrieved from FRED.