Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Ireland
LREM74TTIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.30
Year-over-Year Change
22.95%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the employment rate for individuals aged 15 to 74 in Ireland. It provides insight into the overall health and strength of the Irish labor market.
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 employment rate is a key economic indicator that reflects the percentage of the working-age population that is employed. This metric is widely used by policymakers, economists, and analysts to assess labor market conditions and make informed decisions.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
This trend is closely monitored by the Irish government and the European Union to inform employment and economic policies.
Key Facts
- The employment rate in Ireland was 73.3% as of the latest data.
- Ireland's employment rate has steadily increased over the past decade.
- Women's employment rate in Ireland is higher than the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 15 to 74 in Ireland that is employed. It is a key indicator of the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial metric for understanding the overall health and strength of the Irish economy. It is widely used by policymakers, economists, and market analysts to inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: The employment rate is closely monitored by the Irish government and the European Union to inform employment and economic policies, such as labor market interventions and fiscal measures.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular basis, with a typical delay of a few months from the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Ireland (LREM74TTIEA156S), retrieved from FRED.