Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
G7LFIN25TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,189,230.00
Year-over-Year Change
-6.10%
Date Range
4/1/2003 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7' tracks the number of people aged 25-54 who are not participating in the labor force across the G7 economies. This key metric is closely monitored by economists and policymakers to understand labor market dynamics and trends.
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 economic indicator provides insights into the working-age population that is not employed or actively seeking work in the G7 countries, which include the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada. It offers valuable context for evaluating labor force participation and potential economic growth.
Methodology
The data is collected through national labor force surveys and compiled by the U.S. Federal Reserve.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess labor market conditions and inform economic policy decisions.
Key Facts
- The G7 economies account for over 60% of global nominal GDP.
- Canada has the highest labor force participation rate among the G7 countries.
- The COVID-19 pandemic significantly impacted labor force participation across the G7.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of people aged 25-54 who are not participating in the labor force across the G7 economies, which include the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics and trends, which are crucial for economists, policymakers, and market analysts to assess economic growth potential and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists and policymakers to evaluate labor market conditions and inform decisions related to employment, social welfare, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in reporting due to the time required to collect and compile the information from the various G7 countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7 (G7LFIN25TTSTQ), retrieved from FRED.