Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for OECD
Growth rate previous period, Seasonally Adjusted
OECDLFEM64TTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-94.31%
Date Range
4/1/2005 - 7/1/2023
Summary
The 'Growth rate previous period, Seasonally Adjusted' measures the quarter-over-quarter percent change in labor force participation among the OECD countries. This trend provides valuable insights into labor market dynamics and workforce participation trends.
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 economic indicator tracks the percentage change in the size of the labor force compared to the previous quarter, with seasonal factors removed. It is a key metric used by economists and policymakers to analyze employment levels and labor market participation.
Methodology
The data is collected through national labor force surveys and compiled by the OECD.
Historical Context
Changes in labor force participation can inform policy decisions related to employment, economic growth, and social welfare programs.
Key Facts
- The OECD labor force includes individuals aged 15-64 who are employed or actively seeking work.
- Labor force participation rates vary significantly across OECD countries due to differences in demographics, education, and economic policies.
- Declining labor force participation can signal economic challenges, such as discouraged workers leaving the job market.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Seasonally Adjusted' measures the quarter-over-quarter percent change in the size of the labor force among OECD countries, with seasonal factors removed.
Q: Why is this trend relevant for users or analysts?
A: Changes in labor force participation provide important insights into employment levels, economic growth, and labor market dynamics, which are key concerns for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Monitoring labor force participation trends can inform policy decisions related to employment, economic growth, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be delays in reporting from some OECD member countries.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (OECDLFEM64TTGPSAQ), retrieved from FRED.