Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for OECD
OECDLRAC64TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.10
Year-over-Year Change
1.74%
Date Range
1/1/2008 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work. This key economic indicator provides insight into the strength and utilization of a country's labor force.
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 Labor Force Participation Rate is a measure of the active portion of an economy's labor force. It reflects the relative size of the working-age population currently employed or seeking employment. This statistic is widely used by economists and policymakers to assess labor market dynamics and inform economic policy decisions.
Methodology
The data is collected through household surveys and aggregated by the OECD.
Historical Context
Policymakers monitor labor force participation rates to gauge economic performance and the effectiveness of labor market policies.
Key Facts
- The labor force participation rate for the OECD region averaged 72.9% in 2021.
- Participation rates tend to be higher for men than women across OECD countries.
- Changes in the participation rate can signal shifts in workforce composition and labor market dynamics.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the strength and utilization of a country's labor force, which is crucial for assessing economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers monitor labor force participation rates to gauge economic performance and the effectiveness of labor market policies.
Q: Are there update delays or limitations?
A: The OECD data may have some delay in reporting, and participation rates can be influenced by demographic and structural factors.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for OECD (OECDLRAC64TTSTSAQ), retrieved from FRED.