Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Ireland
LFAC64TTIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,757,925.00
Year-over-Year Change
26.92%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the total labor force in Ireland for individuals aged 15 to 64 years. It provides valuable insights into the size and composition of the working-age population, which is crucial for labor market analysis and economic policymaking.
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: Labor Force Total: From 15 to 64 Years for Ireland tracks the number of individuals in the labor force, including both employed and unemployed persons, within the 15-64 age group in Ireland. This data series is widely used by economists and policymakers to monitor labor market trends and inform economic decisions.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
This labor force statistic is a key indicator for assessing the overall health and productivity of the Irish economy.
Key Facts
- The labor force in Ireland aged 15-64 was 2.37 million in 2021.
- The labor force participation rate for this age group was 75.2% in 2021.
- Ireland's working-age population has grown by 10% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Ireland for individuals aged 15 to 64 years, including both employed and unemployed persons.
Q: Why is this trend relevant for users or analysts?
A: This labor force statistic is a key indicator for assessing the overall health and productivity of the Irish economy, making it important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This labor force data is used by economists and policymakers to monitor labor market trends and inform economic decisions in Ireland.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with the latest available information typically lagging by a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Ireland (LFAC64TTIEA647S), retrieved from FRED.