Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Estonia
LFIN74TTEEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263,761.90
Year-over-Year Change
0.87%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the total number of persons outside the labor force aged 15 to 74 in Estonia. It provides important insights into labor market participation and the potential workforce.
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 74 Years for Estonia tracks the population of working-age individuals who are not employed or actively seeking work. This metric is valuable for analyzing labor market trends and potential labor supply.
Methodology
The data is collected through household surveys conducted by the Estonian statistical agency.
Historical Context
This trend is used by economists and policymakers to assess labor market conditions and inform economic and workforce development strategies.
Key Facts
- Estonia has a working-age population of approximately 1 million.
- The labor force participation rate in Estonia is around 70%.
- The number of persons outside the labor force has declined in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 74 in Estonia who are not employed or actively seeking work, providing insights into labor market participation.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the potential labor supply and analyzing labor market conditions in Estonia.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess labor market conditions and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a slight delay in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Estonia (LFIN74TTEEQ647S), retrieved from FRED.