Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7
G7LFACTTTTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
239.98%
Date Range
4/1/2003 - 1/1/2018
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7' measures the total labor force aged 15 and above across the G7 group of countries. This metric is critical for analyzing labor market dynamics and informing economic and policy decisions.
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 series represents the aggregate labor force participation for the G7 nations, which include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The data provides a high-frequency snapshot of the working-age population actively engaged in the labor market across major advanced economies.
Methodology
The data is compiled from national labor force surveys and other official sources by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This metric is widely used by policymakers, economists, and market analysts to assess the overall health and trends within the G7 labor markets.
Key Facts
- The G7 accounts for over 30% of global GDP.
- Japan has the oldest labor force among G7 nations.
- The COVID-19 pandemic significantly impacted G7 labor markets in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7' measures the total labor force aged 15 and above across the G7 group of countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for analyzing labor market dynamics and informing economic and policy decisions in major advanced economies.
Q: How is this data collected or calculated?
A: The data is compiled from national labor force surveys and other official sources by the OECD.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, economists, and market analysts to assess the overall health and trends within the G7 labor markets.
Q: Are there update delays or limitations?
A: The data is published on a frequent, infra-annual basis, but may be subject to revisions and lags in some countries.
Related Trends
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for G7
G7LFEAINTTSTQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 25 to 54 Years for G7
G7LFWA25MASTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
G7LFAC24MASTSAQ
Balance of Payments: Portfolio Investment: Liabilities (or Net Incurrence of Liabilities) for G7
G7B6FAPI03CXCUQ
Balance of Payments: Secondary Income: Expenditure for G7
G7B6DBSI01CXCUQ
Balance of Payments: Financial Derivatives: Net (Assets Minus Liabilities) for G7
G7B6FAFD01CXCUQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7 (G7LFACTTTTGPSAQ), retrieved from FRED.