Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Ireland
LRAC74MAIEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.88
Year-over-Year Change
0.71%
Date Range
4/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate Male: From 15 to 74 Years for Ireland measures the percentage of working-age men in Ireland who are actively employed or seeking work. This key economic indicator provides insights into labor market dynamics and workforce trends.
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 tracks the portion of the working-age population that is either employed or actively looking for a job. This metric is an important barometer of economic health and labor market engagement, helping policymakers and analysts assess labor supply, employment levels, and the overall vitality of the Irish economy.
Methodology
The data is collected through national labor force surveys conducted by Ireland's Central Statistics Office.
Historical Context
The labor force participation rate is closely monitored by economists, policymakers, and financial markets to gauge the strength of the Irish economy and inform policy decisions.
Key Facts
- Ireland's male labor force participation rate was 75.6% in 2021.
- The rate has declined from a high of 82.3% in 2007 due to demographic and economic shifts.
- Participation rates are higher among younger and prime-working-age men compared to older workers.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Ireland measures the percentage of working-age men in Ireland who are either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic health and labor market engagement, providing insights into workforce dynamics, employment levels, and the overall strength of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by economists, policymakers, and financial markets to assess the strength of the Irish economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated on a regular schedule, though there may be occasional delays due to the timing of national labor force surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Ireland (LRAC74MAIEQ156S), retrieved from FRED.