Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for OECD
OECDLRIN64TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.16
Year-over-Year Change
-4.67%
Date Range
7/1/2010 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for OECD measures the percentage of the working-age population that is not employed or actively seeking work in OECD countries. This key economic indicator provides insights into labor market dynamics and participation.
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 inactivity rate tracks the share of the population aged 15 to 64 who are not employed and not actively searching for a job. It serves as an important complement to employment and unemployment statistics, shedding light on labor force attachment and economic activity.
Methodology
The data is collected and calculated by the OECD through surveys of national labor force participation.
Historical Context
Policymakers and economists monitor this inactivity rate to assess labor market conditions and the utilization of a country's working-age population.
Key Facts
- The OECD inactivity rate averaged 29.4% in 2021.
- Inactivity rates tend to be higher for women than men.
- Declining inactivity can signal improving labor market conditions.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for OECD measures the percentage of the working-age population that is not employed or actively seeking work in OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This inactivity rate provides important insights into labor market dynamics and the utilization of a country's working-age population, serving as a complement to employment and unemployment statistics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD through surveys of national labor force participation.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this inactivity rate to assess labor market conditions and the utilization of a country's working-age population.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis, with some potential for delays in reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for OECD (OECDLRIN64TTSTQ), retrieved from FRED.