Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Ireland
LRIN74MAIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.03
Year-over-Year Change
-12.87%
Date Range
1/1/2000 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Ireland measures the proportion of working-age men in Ireland who are not actively participating in the labor force. This metric provides insights into employment patterns and workforce dynamics.
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
This economic indicator tracks the inactivity rate, which represents the share of men aged 15 to 74 in Ireland who are neither employed nor actively seeking work. It is a useful measure for understanding labor market trends and identifying potential areas for policy interventions.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
Policymakers and economists analyze this metric to assess the health of the Irish labor market and inform economic and social policies.
Key Facts
- The inactivity rate for Irish men aged 15-74 was 17.1% in 2022.
- Ireland's male inactivity rate has declined by 2.5 percentage points since 2015.
- Inactivity rates tend to be higher among older men nearing retirement age.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Ireland measures the proportion of working-age men in Ireland who are not actively participating in the labor force, either as employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment patterns and workforce dynamics, allowing policymakers and economists to assess the health of the Irish labor market and inform economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand labor market trends and identify potential areas for policy interventions, such as workforce development programs or incentives to encourage labor force participation.
Q: Are there update delays or limitations?
A: The data is subject to the timely release of household survey results by national statistical agencies, which may result in periodic update delays.
Related Trends
Gross National Income for Ireland
MKTGNIIEA646NWDB
Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland
LFEM25TTIEQ657S
Labor Compensation: Earnings: Private Sector: Hourly for Ireland
LCEAPR01IEQ661N
Residential Property Prices for Ireland
QIEN628BIS
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Ireland
IRLCP120000GPQ
Real Final Consumption Expenditure for Ireland
NCRXDCIRA
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Ireland (LRIN74MAIEA156S), retrieved from FRED.