Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Estonia
LFIN74TTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257,950.00
Year-over-Year Change
-18.11%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 15 to 74 years who are outside the labor force in Estonia. It 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 Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Estonia trend tracks individuals who are not employed and not actively seeking work. This data is valuable for analyzing labor force participation, economic activity, and potential labor supply.
Methodology
The data is collected through household surveys conducted by the statistical agency of Estonia.
Historical Context
This trend is used by economists, policymakers, and labor market analysts to assess labor force trends and inform economic and social policies.
Key Facts
- Estonia's persons outside the labor force totaled 496,400 in 2022.
- The labor force participation rate in Estonia was 72.3% in 2022.
- Estonia's workforce experienced a decline in participation during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 74 years in Estonia who are outside the labor force, meaning they are not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market participation and workforce dynamics, which are crucial for understanding economic activity and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical agency of Estonia.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and labor market analysts use this trend to assess labor force participation, potential labor supply, and inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, meaning it may be subject to update delays compared to some other economic indicators.
Related Trends
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment for Estonia
ESTCPHP0702GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Estonia
ESTCPHPLA01GYM
Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Estonia
CP1211EEM086NEST
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Estonia
NAEXCP07EEQ189S
Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Estonia
LREM55TTEEQ156S
Population (LFS Basis): All Ages: Females for Estonia
LFPOTTFEEEQ647S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Estonia (LFIN74TTEEA647N), retrieved from FRED.