Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Estonia
LFEM64TTEEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
-185.06%
Date Range
1/1/2001 - 1/1/2022
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Estonia' measures the total number of employed persons aged 15 to 64 in Estonia. This key labor market indicator provides insight into the overall health and dynamics of the Estonian 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
This economic trend represents the total employment level for working-age adults in Estonia. It is a valuable metric for economists and policymakers to assess labor force participation, labor supply, and broader economic activity.
Methodology
The data is collected through household and labor force surveys conducted by the statistical office of Estonia.
Historical Context
This employment trend is closely watched by the Estonian government, central bank, and international organizations to inform economic and labor market policies.
Key Facts
- Estonia's employment rate for 15-64 year-olds is around 78%.
- Employment levels have steadily increased in Estonia since the early 2010s.
- The COVID-19 pandemic temporarily reduced employment in Estonia in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons aged 15 to 64 years old in Estonia. It provides a broad indicator of labor market activity and the size of the working-age population in employment.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key barometer of the Estonian economy's health and labor market dynamics. It helps economists, policymakers, and investors assess labor force participation, labor supply, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the statistical office of Estonia.
Q: How is this trend used in economic policy?
A: The Estonian government, central bank, and international organizations closely monitor this employment trend to inform economic and labor market policies, such as those related to workforce participation, skills development, and job creation.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of the most recent data, as is typical with labor force survey information. Additionally, the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Estonia (LFEM64TTEEA657N), retrieved from FRED.