Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
Monthly
OECDLRHUTTTTSTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.85
Year-over-Year Change
1.08%
Date Range
1/1/2005 - 5/1/2025
Summary
The OECD Long-Run Hours Worked indicator tracks average annual hours worked per person in employment across OECD countries, providing insights into labor market trends and productivity.
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 Long-Run Hours Worked series is a key metric for understanding how labor inputs and employment patterns evolve over time. It offers a standardized, cross-country comparison of average annual hours worked per employed person, which economists use to analyze productivity, work-life balance, and other labor market dynamics.
Methodology
The data is collected through national labor force surveys and compiled by the OECD to ensure international comparability.
Historical Context
Policymakers and analysts monitor this trend to gauge labor market utilization and inform employment, taxation, and work-life balance policies.
Key Facts
- Average annual hours worked per employed person across OECD countries.
- Metric used to analyze labor market efficiency and work-life balance.
- Data collected through national labor force surveys and compiled by OECD.
FAQs
Q: What does this economic trend measure?
A: The OECD Long-Run Hours Worked indicator tracks the average annual hours worked per employed person across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding labor market dynamics, productivity, and work-life balance trends over time and across different economies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the OECD to ensure international comparability.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge labor market utilization and inform employment, taxation, and work-life balance policies.
Q: Are there update delays or limitations?
A: The OECD Long-Run Hours Worked data may have some update delays due to the time required for national statistical agencies to collect and report the underlying survey information.
Related Trends
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OECDLFHUTTMASTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for OECD
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Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for OECD
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Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for OECD
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Citation
U.S. Federal Reserve, OECD Long-Run Hours Worked (OECDLRHUTTTTSTM), retrieved from FRED.