Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Czechia
LRAC64TTCZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.50
Year-over-Year Change
8.24%
Date Range
1/1/1998 - 1/1/2024
Summary
The labor force participation rate measures the percentage of the working-age population that is employed or actively seeking work. This metric provides insight into the labor market and economic activity in Czechia.
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 labor force participation rate for individuals aged 15-64 in Czechia tracks the share of the working-age population that is either employed or actively seeking a job. This statistic is a key indicator of economic conditions and labor market dynamics.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
This labor force participation rate is closely monitored by policymakers and economists to assess the health of the Czech economy.
Key Facts
- The labor force participation rate in Czechia was 75.1% as of the latest data.
- Czechia's participation rate is higher than the OECD average of 71.8%.
- The rate has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the working-age population in Czechia that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate provides insights into the strength of the labor market and overall economic activity in Czechia.
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: Policymakers and economists closely monitor this metric to assess the health of the Czech economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with the latest figures typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Czechia (LRAC64TTCZA156S), retrieved from FRED.