Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Estonia
LREMTTTTEEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.95
Year-over-Year Change
12.33%
Date Range
1/1/2000 - 1/1/2024
Summary
The Employment Rate Total: 15 Years or over for Estonia measures the percentage of the Estonian population aged 15 and above who are employed. This metric is a key indicator of the overall health and stability of the Estonian labor market.
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 Employment Rate Total tracks the share of the working-age population in Estonia that is actively employed, regardless of industry or occupation. It is a widely used gauge of economic activity and can inform policy decisions related to employment, productivity, and workforce development.
Methodology
This data is collected through comprehensive household and labor force surveys conducted by the Estonian statistical agency.
Historical Context
Policymakers and analysts closely monitor this employment rate to assess the strength of the Estonian economy and inform decisions on fiscal, monetary, and labor market policies.
Key Facts
- Estonia's employment rate averaged 67.8% from 2000 to 2022.
- The employment rate reached a high of 73.3% in 2019 before declining during the COVID-19 pandemic.
- Women have a lower employment rate than men in Estonia, at 65.7% vs. 69.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Estonia measures the percentage of the working-age population in Estonia that is actively employed.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is a key indicator of the overall health and stability of the Estonian labor market, and it informs policy decisions related to employment, productivity, and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive household and labor force surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment rate to assess the strength of the Estonian economy and inform decisions on fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with the most recent information typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Estonia (LREMTTTTEEA156N), retrieved from FRED.