Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for OECD
OECDLFINTTTTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
450,311,000.00
Year-over-Year Change
0.82%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for OECD' trend measures the total number of persons aged 15 and over who are not actively participating in the labor force across OECD countries. This statistic is a key indicator of labor market engagement and inactivity.
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 OECD labor force data tracks the total population who are not employed and not actively seeking work, including retirees, students, homemakers, and others outside the workforce. Economists and policymakers use this metric to assess labor market conditions, workforce participation, and economic factors that influence labor force engagement.
Methodology
The data is collected through national labor force surveys and aggregated by the OECD.
Historical Context
This trend provides important context for evaluating labor market dynamics and the underlying drivers of employment and economic activity.
Key Facts
- Over 170 million people were outside the labor force in OECD countries in 2022.
- The labor force participation rate varies significantly across OECD nations.
- Aging populations contribute to rising numbers of people outside the workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 15 and over who are not actively participating in the labor force across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into labor market dynamics, workforce engagement, and underlying economic factors that influence employment.
Q: How is this data collected or calculated?
A: The OECD collects this data through national labor force surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess labor market conditions, workforce participation, and drivers of employment and economic activity.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, with some potential lags in reporting across OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for OECD (OECDLFINTTTTSTQ), retrieved from FRED.