Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland
LRINTTTTIEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.79
Year-over-Year Change
-2.60%
Date Range
4/1/1999 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland measures the percentage of the Irish population aged 15 and above who are not actively participating in the labor force. This metric is crucial for understanding labor market dynamics and informing economic policymaking.
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 is an important indicator of labor force participation, capturing individuals who are neither employed nor actively seeking work. It provides insights into the overall utilization of a country's human capital and can inform workforce development strategies.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers use this inactivity rate to assess labor market conditions and design targeted interventions to promote employment and economic growth.
Key Facts
- The inactivity rate in Ireland was 27.4% as of the latest data.
- The inactivity rate has declined by 2 percentage points over the past 5 years.
- Inactivity rates are typically higher among older age groups and individuals with lower educational attainment.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland measures the percentage of the Irish population aged 15 and above who are not actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: The inactivity rate is a crucial indicator of labor force participation, providing insights into the overall utilization of a country's human capital and informing workforce development strategies.
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 use this inactivity rate to assess labor market conditions and design targeted interventions to promote employment and economic growth.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with occasional delays due to survey logistics.
Related Trends
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Ireland
IRLCP120000GPM
Real General Government Final Consumption Expenditure for Ireland
NCGGRXDCIRA
Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Ireland
CCUSSP01IEM650N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland
IRLCPIALLMINMEI
Outstanding Domestic Private Debt Securities to GDP for Ireland
DDDM03IEA156NWDB
International Trade: Imports: Value (Goods): Total for Ireland
XTIMVA01IEA188S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Ireland (LRINTTTTIEQ156S), retrieved from FRED.