Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
G7LFIN25TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,220,000.00
Year-over-Year Change
-5.99%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7' measures the number of people aged 25 to 54 who are not participating in the labor force across the G7 countries. This indicator provides insights into labor market dynamics and informs economic 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 data series tracks the total number of individuals between 25 and 54 years old who are not employed and not actively seeking work within the G7 nations. It offers a comprehensive view of labor force participation trends within this key demographic, which is crucial for understanding the overall health and potential growth of the economy.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies in each G7 country.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess labor market conditions and inform decisions related to employment, training, and social welfare policies.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Labor force participation rates have declined in many G7 nations over the past decade.
- Tracking individuals outside the labor force is crucial for understanding workforce trends and potential economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 25 to 54 who are not employed and not actively seeking work within the G7 countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into labor force participation and workforce dynamics, which are essential for understanding the overall health and potential growth of the economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies in each G7 country.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess labor market conditions and inform decisions related to employment, training, and social welfare policies.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the complex nature of collecting and aggregating labor force information across multiple 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 (G7LFIN25TTSTSAQ), retrieved from FRED.