Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 74 Years for Israel
LFIN74TTILA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,157,217.00
Year-over-Year Change
26.21%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the total number of persons outside the labor force in Israel between the ages of 15 and 74. It provides valuable insights into labor market participation and workforce engagement for policymakers and analysts.
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 Israel' series tracks the population of working-age Israelis who are not actively employed or seeking employment. This data point is used to assess labor force trends and understand potential labor market slack.
Methodology
The data is collected through household surveys conducted by the Israeli Central Bureau of Statistics.
Historical Context
This metric informs economic and labor policy decisions in Israel.
Key Facts
- The data is published on a monthly basis.
- Israel's working-age population is between 15 and 74 years old.
- Persons outside the labor force are not employed or actively seeking work.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people in Israel between the ages of 15 and 74 who are not part of the labor force, meaning they are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into labor market participation and engagement, which is crucial for policymakers and economists analyzing the Israeli economy and workforce.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This metric informs economic and labor policy decisions in Israel, as it helps assess labor force trends and potential labor market slack.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with no significant update delays.
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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 Israel (LFIN74TTILA647S), retrieved from FRED.