Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Czechia
LRINTTTTCZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.26
Year-over-Year Change
-2.13%
Date Range
1/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Czechia measures the percentage of the Czech population aged 15 and older who are not actively participating in the labor force. This metric is important for economists and policymakers to assess labor market dynamics and potential workforce availability.
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 indicator represents the share of the Czech population aged 15 and above who are neither employed nor actively seeking work. It provides insights into labor force participation and economic activity levels within the country.
Methodology
The data is collected through comprehensive labor force surveys conducted by the Czech Statistical Office.
Historical Context
The inactivity rate is a key input for evaluating employment and labor market policies.
Key Facts
- The inactivity rate in Czechia averaged 39.3% from 2005 to 2022.
- The inactivity rate reached a high of 41.4% in 2020 due to the COVID-19 pandemic.
- Czechia has one of the lowest inactivity rates among European Union countries.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Czechia measures the percentage of the Czech population aged 15 and older who are not actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor force participation and economic activity levels within Czechia, which is important for economists and policymakers to assess labor market dynamics and potential workforce availability.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The inactivity rate is a key input for evaluating employment and labor market policies in Czechia.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Czechia (LRINTTTTCZQ156S), retrieved from FRED.