Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Ireland
LRAC74TTIEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.81
Year-over-Year Change
1.91%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures the labor force participation rate for individuals aged 15 to 74 in Ireland, providing insights into the overall activity and engagement of the Irish workforce.
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 is a key economic indicator that represents the proportion of the working-age population that is either employed or actively seeking employment. This metric is widely used by economists and policymakers to assess labor market dynamics and gauge the strength of the broader economy.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers and analysts closely monitor this trend to inform labor market and economic policies.
Key Facts
- The labor force participation rate in Ireland was 59.8% in 2022.
- Ireland's participation rate has remained relatively stable over the past decade.
- The Irish labor force participation rate is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for individuals aged 15 to 74 in Ireland, which represents the proportion of the working-age population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market dynamics and the overall strength of the economy, and is widely used by economists and policymakers to inform economic and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to inform labor market and economic policies, as it provides insights into the overall activity and engagement of the Irish workforce.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be some delays in the publication of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Ireland (LRAC74TTIEQ156S), retrieved from FRED.