Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for OECD
OECDLFACTTTTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
702,190,300.00
Year-over-Year Change
3.96%
Date Range
7/1/2010 - 1/1/2025
Summary
This economic indicator tracks the total labor force, including employed and unemployed individuals aged 15 and over, for OECD countries. It provides critical insights into the size and dynamics of the global workforce.
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 OECD Labor Force Total statistic represents the sum of all employed and unemployed persons in OECD member states who are 15 years of age or older. This comprehensive measure is widely used by economists and policymakers to analyze labor market trends and inform economic policy decisions.
Methodology
The data is collected through national labor force surveys conducted by OECD member countries.
Historical Context
This indicator helps inform decisions around employment, economic growth, and social policies in OECD nations.
Key Facts
- The OECD labor force totaled over 540 million people in 2021.
- Labor force participation rates vary significantly across OECD countries.
- Changes in the OECD labor force are closely watched for economic policy implications.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total labor force, including both employed and unemployed individuals aged 15 and over, across OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: The OECD labor force total is a critical measure used by economists and policymakers to analyze labor market dynamics and inform economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by OECD member countries.
Q: How is this trend used in economic policy?
A: Changes in the OECD labor force total are closely monitored by policymakers and institutions to assess the health of the global labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in reporting from individual OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for OECD (OECDLFACTTTTSTSAQ), retrieved from FRED.