Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for OECD
OECDLFIN64TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
232,565,000.00
Year-over-Year Change
-3.11%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for OECD' trend measures the number of people aged 15 to 64 who are not part of the active labor force in OECD countries. This data is important for economists and policymakers to understand labor market dynamics and trends.
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 tracks the population of prime working-age individuals who are not employed or actively seeking work, providing insight into labor force participation and underlying economic activity. It is a key statistic used to analyze labor market conditions and workforce engagement across OECD member states.
Methodology
The data is collected through national labor force surveys conducted by OECD member countries.
Historical Context
This metric is widely referenced by economic analysts, central banks, and government agencies to inform policy decisions and assess labor market health.
Key Facts
- The OECD average for persons outside the labor force aged 15-64 was 28.1% in Q4 2022.
- Italy had the highest rate of persons outside the labor force at 35.5% in Q4 2022.
- Switzerland had the lowest rate at 20.3% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of people aged 15 to 64 who are not part of the active labor force in OECD countries. It provides insight into labor force participation and underlying economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to understand labor market dynamics and workforce engagement across OECD member states.
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: This indicator is referenced by central banks, government agencies, and other economic institutions to inform policy decisions and assess labor market health.
Q: Are there update delays or limitations?
A: The OECD releases this data on a quarterly basis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for OECD (OECDLFIN64TTSTQ), retrieved from FRED.