Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Ireland
LRIN64TTIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.10
Year-over-Year Change
-23.48%
Date Range
1/1/2000 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Ireland measures the percentage of the Irish population aged 15 to 64 who are not actively employed or seeking work. This metric is crucial for understanding labor market dynamics and informing policymakers.
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 indicator tracks the share of the working-age population in Ireland that is not participating in the labor force, including those who are unemployed, retired, or otherwise outside the active labor market. It provides important insights into the overall activity and utilization of the Irish workforce.
Methodology
The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
This inactivity rate is closely monitored by economists and policymakers to assess labor market conditions and inform economic policies.
Key Facts
- The inactivity rate for 15-64 year olds in Ireland was 27.4% as of the latest data.
- Ireland's inactivity rate has declined from a high of 29.1% in 2012.
- Inactivity rates tend to be higher for women than men in Ireland.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Ireland measures the percentage of the working-age population in Ireland that is not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This inactivity rate provides important insights into the utilization of Ireland's labor force and is a key indicator monitored by economists and policymakers to assess the health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: The inactivity rate is closely watched by policymakers to inform decisions on employment, social welfare, and economic development programs in Ireland.
Q: Are there update delays or limitations?
A: There may be delays in the release of the latest inactivity rate data due to the time required for national labor force surveys and data processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Ireland (LRIN64TTIEA156S), retrieved from FRED.