Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Finland
LFAC55TTFIQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
561,700.40
Year-over-Year Change
1.60%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total labor force participation rate for individuals aged 55 to 64 years in Finland. It provides important insights into labor market dynamics and workforce aging 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
The Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Finland tracks the size and composition of the labor force for this key demographic cohort. It is a valuable indicator for policymakers and economists analyzing labor supply, retirement patterns, and the economic impacts of an aging population.
Methodology
The data is collected through nationally representative household surveys by Finland's statistical agency.
Historical Context
This labor force participation trend is closely monitored by government agencies, central banks, and international organizations to inform economic and social policies.
Key Facts
- Finland has one of the highest labor force participation rates for ages 55-64 in the OECD.
- The 55-64 age group makes up over 25% of Finland's total labor force.
- Finland's labor force participation for 55-64 year-olds has risen steadily over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force participation rate for individuals aged 55 to 64 years in Finland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market dynamics and workforce aging trends, which are key considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys by Finland's statistical agency.
Q: How is this trend used in economic policy?
A: This labor force participation trend is closely monitored by government agencies, central banks, and international organizations to inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for short delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Finland (LFAC55TTFIQ647S), retrieved from FRED.