Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Slovak Republic
LFAC55MASKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233,675.00
Year-over-Year Change
16.55%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the labor force participation rate for men aged 55 to 64 in the Slovak Republic. It provides insights into labor market dynamics and workforce trends for older workers.
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 Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Slovak Republic series tracks the percentage of men aged 55 to 64 who are actively employed or seeking work in the Slovak labor market. This metric is used by economists and policymakers to analyze workforce participation and aging trends.
Methodology
The data is collected through national labor force surveys conducted by the Slovak statistical agency.
Historical Context
This trend is relevant for assessing economic policies related to retirement, employment, and workforce development.
Key Facts
- The labor force participation rate for Slovak men aged 55-64 was 62.7% in 2021.
- Participation rates for this age group have steadily increased in Slovakia over the past decade.
- Older workers make up an increasingly important segment of the Slovak labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for men aged 55 to 64 in the Slovak Republic. It tracks the percentage of older workers who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into workforce dynamics and aging trends, which are important for policymakers and economists assessing labor market conditions and the sustainability of social systems.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Slovak statistical agency.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating policies related to retirement, employment, and workforce development, especially as the Slovak population ages.
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: Labor Force Male: From 55 to 64 Years for Slovak Republic (LFAC55MASKA647N), retrieved from FRED.