Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Ireland
LFUNTTTTIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,000.00
Year-over-Year Change
-64.21%
Date Range
1/1/1956 - 1/1/2024
Summary
This data series measures the total unemployment rate for individuals aged 15 and over in Ireland. It provides a critical economic indicator for policymakers and analysts to understand labor market conditions.
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: Unemployment Total: 15 Years or over for Ireland tracks the overall unemployment rate within the Irish workforce. This metric is an important barometer of economic health and helps inform policy decisions related to employment, social welfare, and economic stimulus.
Methodology
The data is collected through household labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers and economists closely monitor this unemployment rate to assess the strength of the Irish labor market and broader economic trends.
Key Facts
- The current unemployment rate in Ireland is 5.1%.
- Unemployment peaked at 16% during the 2008 financial crisis.
- The Irish government closely tracks this data to guide policy decisions.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total unemployment rate for individuals aged 15 and over in Ireland, providing a key indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The Irish unemployment rate is a critical metric for policymakers, economists, and investors to assess the health of the Irish economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies closely monitor this unemployment rate to inform decisions on employment, social welfare, and economic stimulus programs.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Ireland (LFUNTTTTIEA647N), retrieved from FRED.