Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Czechia
LRINTTTTCZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.43
Year-over-Year Change
-4.66%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total for Czechia measures the percentage of the population aged 15 and over who are not actively participating in the labor force. This key indicator provides insights into the overall labor market engagement and economic activity within 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 inactivity rate represents individuals who are neither employed nor actively seeking work. This data is crucial for policymakers and economists to assess labor force trends, understand labor market dynamics, and inform policy decisions related to workforce participation and economic development.
Methodology
The data is collected through nationally representative household surveys conducted by the Czech Statistical Office.
Historical Context
The inactivity rate is widely used by government agencies, central banks, and international organizations to monitor and analyze labor market conditions and their impact on the broader economy.
Key Facts
- Czechia's inactivity rate was 34.7% in 2022.
- Inactivity rates are typically higher among older individuals and those with disabilities.
- Reducing inactivity is a key policy goal for many governments to increase workforce participation and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total for Czechia measures the percentage of the population aged 15 and over who are not actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for policymakers and economists to assess labor force trends, understand labor market dynamics, and inform policy decisions related to workforce participation and economic development.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The inactivity rate is widely used by government agencies, central banks, and international organizations to monitor and analyze labor market conditions and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential delays due to the survey collection and processing timelines.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Czechia (LRINTTTTCZA156N), retrieved from FRED.