Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Israel
LFINTTTTILA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,683,133.00
Year-over-Year Change
29.88%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the total number of persons outside the labor force in Israel who are 15 years or older. It provides insights into labor market dynamics and the size of 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: 15 Years or over for Israel tracks the number of individuals in Israel who are not actively participating in the labor force, such as retirees, students, and others not seeking employment. This data is useful for economists and policymakers to analyze workforce trends and potential labor supply.
Methodology
The data is collected through household surveys conducted by the Israeli Central Bureau of Statistics.
Historical Context
This metric is closely monitored by the Bank of Israel and other institutions to assess labor market conditions and inform economic policies.
Key Facts
- Israel's labor force participation rate was 63.8% in 2022.
- The number of persons outside the labor force in Israel has increased by 8.2% since 2017.
- Retirees and students make up the largest segments of those outside the labor force in Israel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons in Israel who are 15 years or older and are not actively participating in the labor force, such as retirees, students, and others not seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This data is important for economists and policymakers to analyze workforce trends and potential labor supply, which can inform economic policies and decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Bank of Israel and other institutions to assess labor market conditions and inform economic policies.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, which may result in some delay between the reference period and the availability of the data.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Israel (LFINTTTTILA647S), retrieved from FRED.