Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Turkiye
LFIN64TTTRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,498,500.00
Year-over-Year Change
-2.46%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 15 to 64 years who are outside the labor force in Turkiye. It provides valuable insights into labor market 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
The Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Turkiye trend represents the population of working-age individuals who are not actively employed or seeking employment. This metric is widely used by economists and policymakers to analyze labor force dynamics and identify potential areas for economic interventions.
Methodology
The data is collected through national labor force surveys conducted by the relevant statistical agencies in Turkiye.
Historical Context
This trend is crucial for understanding Turkiye's labor market and informing economic policies aimed at promoting workforce participation and economic growth.
Key Facts
- Turkiye's working-age population outside the labor force totaled over 21 million in 2022.
- The share of Turkiye's working-age population outside the labor force has remained relatively stable over the past decade.
- Women make up a larger share of the working-age population outside the labor force in Turkiye.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 64 years who are outside the labor force in Turkiye. It provides insights into labor market participation and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Turkiye's labor market dynamics and informing economic policies aimed at promoting workforce participation and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the relevant statistical agencies in Turkiye.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor force dynamics and identify potential areas for economic interventions in Turkiye.
Q: Are there update delays or limitations?
A: The data is typically updated on a regular basis, but there may be some delays in publication due to the nature of labor force surveys.
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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 Turkiye (LFIN64TTTRA647S), retrieved from FRED.