Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Finland
LFIN74TTFIA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,289,500.00
Year-over-Year Change
-7.63%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 15 to 74 years who are outside the labor force in Finland. It provides important insights into labor market participation and inactivity levels.
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 Finland' series tracks the size of the population that is not actively employed or seeking work in the Finnish labor market. This metric is a key indicator of labor force engagement and can inform economic and workforce policy decisions.
Methodology
The data is collected through household surveys conducted by Statistics Finland.
Historical Context
This trend is closely monitored by policymakers, labor economists, and workforce analysts to assess labor market dynamics and develop appropriate interventions.
Key Facts
- Finland has a population of around 5.5 million.
- The labor force participation rate in Finland is among the highest in Europe.
- Persons outside the labor force include retirees, students, and those not actively seeking work.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 74 years who are outside the labor force in Finland, providing insights into labor market participation and inactivity levels.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, labor economists, and workforce analysts to assess labor market dynamics and develop appropriate economic and workforce interventions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, labor economists, and workforce analysts to assess labor market participation and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential for some delay in reporting.
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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 Finland (LFIN74TTFIA647N), retrieved from FRED.