Employment to Population Rate: All Ages: All Persons for Estonia
LREPTTTTEEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.84
Year-over-Year Change
3.32%
Date Range
1/1/2000 - 7/1/2014
Summary
The Employment to Population Rate measures the proportion of the total working-age population that is employed. It serves as a key indicator of labor market strength and economic activity in Estonia.
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
This rate represents the share of the adult population in Estonia that is currently employed. It is a widely used metric for assessing labor market dynamics and the overall health of the Estonian economy.
Methodology
The data is collected through labor force surveys conducted by Statistics Estonia.
Historical Context
The employment-to-population ratio is closely monitored by policymakers and economists to gauge economic performance and guide policy decisions.
Key Facts
- The employment rate in Estonia reached a high of 64.2% in 2019.
- The rate dropped to 59.6% in 2020 due to the COVID-19 pandemic.
- Estonia has one of the highest employment-to-population ratios in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Employment to Population Rate measures the proportion of the working-age population in Estonia that is currently employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the Estonian labor market and overall economic activity, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Statistics Estonia.
Q: How is this trend used in economic policy?
A: The employment-to-population ratio is closely monitored by policymakers and economists to gauge economic performance and guide policy decisions in Estonia.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with some potential for slight delays in availability.
Related Trends
Harmonized Index of Consumer Prices: Alcoholic Beverages for Estonia
CP0210EEM086NEST
Balance of Payments: Services: Expenditure for Estonia
ESTB6DBSE01NCCUSAQ
Harmonized Index of Consumer Prices: Games, Toys and Hobbies for Estonia
CP0931EEM086NEST
Real Exports of Goods and Services for Estonia
NXRSAXDCESQ
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Estonia
ESTCP050000GPQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Estonia
LFEACNTTEEQ647N
Citation
U.S. Federal Reserve, Employment to Population Rate: All Ages: All Persons for Estonia (LREPTTTTEEQ156S), retrieved from FRED.