Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland
LRINTTTTIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.23
Year-over-Year Change
-10.76%
Date Range
1/1/2000 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total for Ireland measures the percentage of the population aged 15 and over who are not actively employed or seeking work. This indicator provides insights into labor market dynamics and workforce participation.
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 inactivity rate represents individuals who are neither employed nor unemployed, including retirees, students, and those not actively seeking employment. This metric is closely monitored by economists and policymakers to assess the overall health and utilization of a country's labor resources.
Methodology
The data is collected through household surveys by the Irish Central Statistics Office.
Historical Context
The inactivity rate is a key input for economic policy decisions and labor market analysis.
Key Facts
- The inactivity rate in Ireland was 27.4% as of the latest data.
- Inactivity rates tend to be higher among older age groups and females.
- Ireland's inactivity rate has declined in recent years as labor force participation has increased.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total for Ireland measures the percentage of the population aged 15 and over who are neither employed nor actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The inactivity rate provides important insights into labor market dynamics and workforce participation, which are key inputs for economic policy decisions and analysis.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: The inactivity rate is closely monitored by economists and policymakers to assess the overall health and utilization of a country's labor resources.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland (LRINTTTTIEA156N), retrieved from FRED.