Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Czechia
LFWA25TTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,312,275.00
Year-over-Year Change
-5.38%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total working-age population in Czechia between 25 and 54 years old. It provides important insights into the size and composition of the country's labor force.
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 working-age population aged 25 to 54 is a key demographic statistic used to analyze labor market dynamics and economic productivity. This data series offers a granular view of Czechia's working-age population, which is crucial for policymakers and economists assessing labor supply and workforce trends.
Methodology
The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Historical Context
This trend is widely used to inform economic and social policies related to employment, education, and workforce development.
Key Facts
- Czechia's working-age population (25-54) was 4.7 million in 2021.
- This age group accounts for over 60% of Czechia's total population.
- The working-age population has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people in Czechia aged 25 to 54 years old, which is the core of the country's working-age population.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the size and composition of Czechia's labor force, which informs economic and workforce policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and institutions to analyze labor market dynamics and workforce trends in Czechia.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Czechia (LFWA25TTCZA647N), retrieved from FRED.