Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Finland
LFEM55TTFIQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
517,649.50
Year-over-Year Change
1.20%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total employment of individuals aged 55 to 64 years in Finland. It provides valuable insights into the labor force participation and workforce dynamics of this specific age group.
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 Total: From 55 to 64 Years for Finland is a key indicator used by economists and policymakers to analyze the employment trends and labor market conditions for older workers in the Finnish economy.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend is used to inform labor market policies and retirement program decisions.
Key Facts
- Employment of 55-64 year-olds in Finland was 68.1% in 2021.
- Finland has one of the highest employment rates for older workers in the OECD.
- The employment trend for this age group has been rising in Finland over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment of individuals aged 55 to 64 years in Finland. It provides insights into the labor force participation of older workers in the Finnish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the labor market dynamics and employment patterns of the aging population in Finland, which informs policymaking and workforce planning.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies in Finland.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform labor market policies, retirement program decisions, and strategies to promote active aging and workforce participation of older adults.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in the release of the most recent figures due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Finland (LFEM55TTFIQ647S), retrieved from FRED.