Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Ireland
Annual, Not Seasonally Adjusted
LFAC74TTIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,860,250.00
Year-over-Year Change
29.04%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the total population in Thailand. It provides insights into the supply of available workers in the Thai economy.
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 labor force participation rate represents the proportion of the working-age population that is either employed or actively seeking employment. This metric is widely used by economists and policymakers to analyze labor market dynamics and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the Thai National Statistical Office.
Historical Context
Policymakers and analysts use this metric to assess the health and potential of the Thai labor market.
Key Facts
- Thailand's labor force participation rate averaged 68.3% from 2010 to 2020.
- The rate reached its highest point of 69.4% in 2010.
- Participation has declined in recent years, reaching 67.5% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in Thailand, which represents the proportion of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key metric used by economists and policymakers to analyze the health and potential of the Thai labor market, which informs economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Thai National Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the supply of available workers in the Thai economy and make informed decisions about economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to a year before the most recent information is available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC74TTIEA647N), retrieved from FRED.