Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Estonia
LRAC24TTEEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.11
Year-over-Year Change
-4.16%
Date Range
1/1/2000 - 1/1/2025
Summary
The Labor Force Participation Rate for Estonians aged 15-24 measures the active labor force as a percentage of the total working-age population in this demographic. This indicator provides insights into the economic engagement and employment trends of young workers.
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 Labor Force Participation Rate tracks the share of the working-age population that is either employed or actively seeking work. This metric is widely used by economists and policymakers to analyze labor market dynamics and identify potential areas for employment-based initiatives.
Methodology
The data is collected through household surveys conducted by the Estonian statistical authority.
Historical Context
The youth labor force participation rate is a key indicator for evaluating economic conditions and the effectiveness of policies aimed at promoting youth employment.
Key Facts
- The labor force participation rate for Estonians aged 15-24 was 47.3% in 2022.
- Estonia's youth participation rate is below the OECD average of 53.8%.
- Youth unemployment remains a key economic challenge for Estonia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the share of the Estonian population aged 15-24 that is either employed or actively seeking work, providing insights into youth labor market engagement.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force participation rate is a crucial metric for evaluating economic conditions and the effectiveness of policies aimed at promoting youth employment.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian statistical authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze labor market dynamics and identify potential areas for employment-based initiatives, particularly those targeting young workers.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual (sub-annual) basis, providing timely insights into youth labor force participation trends in Estonia.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Estonia (LRAC24TTEEQ156S), retrieved from FRED.