Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Colombia
COLLFINTTTTSTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,631,650.00
Year-over-Year Change
1.79%
Date Range
1/1/2007 - 5/1/2025
Summary
This trend measures the total number of persons 15 years and over who are outside the labor force in Colombia. It provides insights into labor market participation and economic activity.
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 Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Colombia tracks the population of working-age individuals who are not employed or actively seeking work. This data is used by economists and policymakers to analyze labor force dynamics and labor market trends.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
This trend is relevant for understanding labor market conditions and informing economic policies in Colombia.
Key Facts
- Colombia's labor force participation rate was 63.8% in 2021.
- The number of persons outside the labor force has increased since the COVID-19 pandemic.
- Tracking this trend is crucial for policymakers to address labor market challenges.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 and over who are outside the labor force in Colombia, meaning they are not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market participation and is used by economists and policymakers to analyze labor force dynamics and inform economic policies in Colombia.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Colombia.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding labor market conditions and informing economic policies, such as employment programs and workforce development initiatives, in Colombia.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent updates. The survey methodology and coverage may also have certain limitations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Colombia (COLLFINTTTTSTM), retrieved from FRED.