Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Czechia
LFINTTTTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,464,925.00
Year-over-Year Change
-6.55%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 15 and over who are outside the labor force in Czechia. It provides crucial insights 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 'Persons Outside the Labor Force Total: 15 Years or over for Czechia' statistic tracks individuals who are not employed and not actively seeking work. This metric is used by economists and policymakers to analyze labor force engagement and potential labor supply.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
This trend is relevant for understanding labor market conditions and informing economic and social policies in Czechia.
Key Facts
- Czechia had over 4.5 million persons outside the labor force in 2021.
- The labor force participation rate in Czechia was around 60% in 2021.
- The share of population outside the labor force has remained relatively stable in Czechia over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 and over who are outside the labor force in Czechia. It captures individuals who are not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into labor market participation and the potential labor supply in Czechia, which is useful for economists and policymakers in understanding employment conditions and informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through household 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 analyze labor force engagement and inform decisions related to employment, social welfare, and economic development policies in Czechia.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential for delays in data reporting or revisions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Czechia (LFINTTTTCZA647N), retrieved from FRED.