Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Finland
LFWA24TTFIQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
615,000.00
Year-over-Year Change
4.54%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the total working-age population in Finland aged 15 to 24 years. It provides key insights into the demographic and labor force composition of a country's younger working population.
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 working-age population total from 15 to 24 years represents a crucial segment of the labor force. Analyzing trends in this age group can inform policymakers and economists about educational attainment, workforce participation, and future economic potential.
Methodology
This data is collected through household and labor force surveys conducted by national statistical agencies.
Historical Context
Monitoring the 15-24 year old working population is important for assessing labor market conditions, designing education and training programs, and forecasting economic growth.
Key Facts
- Finland's 15-24 working-age population was 637,000 in 2021.
- This age group accounts for 11.5% of Finland's total working-age population.
- The 15-24 cohort participation rate in Finland's labor force was 58.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population in Finland aged 15 to 24 years, providing insights into the demographic and labor force composition of the country's younger workforce.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in the 15-24 year old working population is important for assessing labor market conditions, designing education and training programs, and forecasting economic growth.
Q: How is this data collected or calculated?
A: This data is collected through household and labor force surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: Monitoring the 15-24 year old working population is crucial for policymakers and economists to understand educational attainment, workforce participation, and future economic potential.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and coverage of national labor force surveys, which may vary across countries and time periods.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Finland (LFWA24TTFIQ647N), retrieved from FRED.