Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Ireland
LREMTTTTIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
20.86%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the employment rate for individuals aged 15 and over in Ireland. It provides important insights into the health and dynamics of the Irish 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 is a key indicator of economic activity and labor market conditions. It represents the proportion of the working-age population that is currently employed. This data is widely used by economists, policymakers, and analysts to evaluate the strength of the Irish economy.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers and central banks closely monitor employment trends to inform economic and monetary policies.
Key Facts
- Ireland's employment rate was 69.7% in 2021.
- The employment rate has recovered to pre-pandemic levels.
- Women have a slightly lower employment rate than men in Ireland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate, which is the proportion of the working-age population that is currently employed, for individuals aged 15 and over in Ireland.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of economic health and labor market conditions. It is widely used by economists, policymakers, and analysts to evaluate the strength of the Irish economy.
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 central banks closely monitor employment trends to inform economic and monetary policies.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular basis with minimal delays, providing timely insights into the Irish labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Ireland (LREMTTTTIEA156N), retrieved from FRED.