Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia
LFIN64TTCZQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,497,700.00
Year-over-Year Change
-2.27%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total number of people aged 15 to 64 who are outside the labor force in Czechia. It provides insights into labor market participation and workforce engagement.
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: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia metric tracks individuals who are not actively employed or seeking work, offering a broader view of the working-age population beyond just the labor force.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
This trend is used by economists and policymakers to analyze labor market dynamics and labor force participation in Czechia.
Key Facts
- Czechia has a labor force participation rate of around 75%.
- The number of persons outside the labor force aged 15-64 in Czechia has declined in recent years.
- Labor force participation is an important indicator of economic health and potential for growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 15 to 64 who are outside the labor force in Czechia, providing insights into labor market participation.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the broader labor force dynamics and workforce engagement in Czechia, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market dynamics and labor force participation in Czechia.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays or limitations in data collection.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Czechia (LFIN64TTCZQ647N), retrieved from FRED.