Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland
LFEM55TTIEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
435,600.00
Year-over-Year Change
12.44%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic trend measures total employment for individuals aged 55 to 64 in Ireland. It provides valuable insights into labor force participation and aging trends within the Irish workforce.
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 Ireland series tracks the number of employed persons aged 55 to 64 in the Irish labor market. This metric is used by economists and policymakers to analyze workforce dynamics, retirement patterns, and the economic impacts of an aging population.
Methodology
The data is collected through household and labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
This employment trend helps inform policies related to labor, retirement, and economic growth in Ireland.
Key Facts
- Employment for ages 55-64 in Ireland was 732,000 in 2022.
- The employment rate for this age group was 61.4% in 2022.
- Ireland has seen a steady rise in 55-64 employment over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons aged 55 to 64 in Ireland's labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into aging workforce dynamics and labor force participation in Ireland, which is crucial for informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This employment trend helps policymakers and analysts understand labor market conditions and the economic impacts of an aging population in Ireland.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some lag in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland (LFEM55TTIEQ647N), retrieved from FRED.