Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for OECD
Seasonally Adjusted
OECDLFIN64TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230,240,400.00
Year-over-Year Change
-3.08%
Date Range
7/1/2010 - 1/1/2025
Summary
The Seasonally Adjusted OECD Labor Force Participation Rate tracks the share of the working-age population actively engaged in the labor market across OECD countries. This key metric provides insights into labor market dynamics and economic conditions.
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 Seasonally Adjusted OECD Labor Force Participation Rate measures the proportion of the working-age population that is employed or actively seeking work. This comprehensive indicator is widely used by economists and policymakers to assess the health and utilization of the labor force.
Methodology
The data is collected through national labor force surveys and adjusted for seasonal variations.
Historical Context
The labor force participation rate is a crucial input for economic policy decisions and analysis of labor market trends.
Key Facts
- The OECD labor force participation rate averaged 72.1% in 2022.
- The rate has declined since the COVID-19 pandemic began in 2020.
- Participation rates vary significantly across OECD countries.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted OECD Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides important insights into the utilization of the workforce and can inform economic policy decisions and analysis of employment trends.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a crucial input for economic policymakers and analysts to assess the health and utilization of the labor market.
Q: Are there update delays or limitations?
A: The data is subject to regular updates, but there may be lags in reporting across OECD member countries.
Related Trends
Infra-Annual Labor Statistics: Labor Force Female: From 55 to 64 Years for OECD
OECDLFAC55FESTQ
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for OECD
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Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for OECD
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Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for OECD
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Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for OECD
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International Trade: Imports: Value (Goods): Total
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Citation
U.S. Federal Reserve, Seasonally Adjusted OECD Labor Force Participation Rate (OECDLFIN64TTSTSAQ), retrieved from FRED.