Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Austria
LFEM55MAATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446,100.00
Year-over-Year Change
83.96%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the employment level of men aged 55 to 64 in Austria. It provides insights into labor force participation and economic activity within this demographic.
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: Employment Male: From 55 to 64 Years for Austria series tracks the number of employed Austrian men between the ages of 55 and 64. This data is used by economists and policymakers to analyze trends in labor force participation, workforce aging, and retirement patterns.
Methodology
The data is collected through household and labor force surveys conducted by national statistical agencies.
Historical Context
This employment trend is relevant for understanding labor market dynamics and informing policies related to workforce participation and aging populations.
Key Facts
- Austria's employment rate for men aged 55-64 was 62.5% in 2021.
- The trend has shown gradual increases over the past decade.
- Employment in this age group is a key indicator of economic activity and retirement patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment level of Austrian men aged 55 to 64 years old. It provides insights into labor force participation and workforce activity within this demographic.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding labor market dynamics, workforce aging, and policies related to retirement and labor force participation.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by national statistical agencies in Austria.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists and policymakers to analyze labor market conditions and inform policies related to workforce participation and aging populations.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and publication, as the information is collected through national surveys. Users should check for the most recent data availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Austria (LFEM55MAATA647S), retrieved from FRED.