Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Ireland
LRACTTTTIEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.21
Year-over-Year Change
1.38%
Date Range
4/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate measures the share of the working-age population that is employed or actively seeking work. This metric is a key indicator of the strength and utilization of a country's labor force.
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 represents the percentage of the civilian non-institutional population aged 15 and over that is working or actively looking for work. It is a widely-tracked statistic used by economists and policymakers to assess labor market dynamics and labor force engagement.
Methodology
The data is collected through household surveys by the national statistics agency.
Historical Context
The participation rate is monitored closely by central banks and governments to inform employment, fiscal, and economic policy decisions.
Key Facts
- The Ireland labor force participation rate was 60.7% in 2022.
- Participation rates tend to decline with population aging.
- High participation can indicate economic strength and opportunity.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work in Ireland.
Q: Why is this trend relevant for users or analysts?
A: The participation rate is a key indicator of labor market strength and is closely monitored by economists and policymakers to assess employment dynamics and guide economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistics agency.
Q: How is this trend used in economic policy?
A: Central banks and governments use the participation rate to inform employment, fiscal, and broader economic policies aimed at promoting labor force engagement and economic growth.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delay, though participation rates can be influenced by demographic shifts and economic conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Ireland (LRACTTTTIEQ156S), retrieved from FRED.