Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Czechia
Annual, Seasonally Adjusted
LREM74TTCZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.60
Year-over-Year Change
11.09%
Date Range
1/1/1998 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted total labor force participation rate in the Eurozone. It is a key economic indicator used by policymakers to assess labor market conditions and potential growth.
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 Eurozone labor force participation rate tracks the percentage of the working-age population that is employed or actively seeking work. It is a important measure of labor market health and a leading indicator of economic growth potential.
Methodology
The data is collected through household surveys conducted by Eurostat, the European Union's statistical agency.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to inform decisions on monetary and fiscal policy.
Key Facts
- The Eurozone labor force participation rate was 73.5% in 2021.
- Participation rates vary significantly across Eurozone member states.
- Labor force participation is a key driver of economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force participation rate in the Eurozone, which is the percentage of the working-age population that is 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 labor market health and economic growth potential. It informs policymakers' decisions on monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Eurozone labor force participation rate to assess labor market conditions and the economy's growth potential.
Q: Are there update delays or limitations?
A: The labor force participation data is typically published on a monthly or quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM74TTCZA156S), retrieved from FRED.