Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland
LFEM55TTIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
420,875.00
Year-over-Year Change
82.39%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland' trend measures employment levels for individuals aged 55-64 in Ireland. This metric provides insights into labor force participation and economic activity among 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
This series represents the total number of people aged 55-64 who are employed in Ireland. It is a key indicator of labor market trends and workforce dynamics for pre-retirement age groups. Economists and policymakers analyze this data to understand employment patterns and labor force participation of older workers.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
This employment trend is used to inform economic and labor market policies that aim to promote active aging and extend working lives.
Key Facts
- Ireland's 55-64 employment rate was 59.4% in 2021.
- Employment among older workers has risen in Ireland over the past decade.
- Policies aim to increase labor force participation of pre-retirement age groups.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 55-64 who are employed in Ireland. It provides insights into labor force participation and economic activity among older workers.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is important for understanding workforce dynamics and labor market trends, especially as populations age. It informs economic and labor policies aimed at promoting active aging and extending working lives.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This employment trend is used to inform policies that aim to increase labor force participation and extend the working lives of older individuals in Ireland.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the household survey data collection process.
Related Trends
Real Exports of Goods for Ireland
NXGRXDCIRA
Consumer Price Index: All Items: Total for Ireland
CPALTT01IEA657N
Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Ireland
IRLCPHP0300IXEBM
Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Ireland
LFEAMNTTIEQ647N
Nominal Imports of Services for Ireland
NMSXDCIRA
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Ireland
LRAC24TTIEQ156S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland (LFEM55TTIEA647N), retrieved from FRED.