Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Austria
LFHUADMAATM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,000.00
Year-over-Year Change
-17.60%
Date Range
1/1/1994 - 11/1/2023
Summary
This economic indicator tracks harmonized unemployment levels for Austrian males aged 25 and over. It provides important insights into Austria's labor market and overall economic conditions.
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 Harmonized Unemployment indicator measures the number of people who are out of work and actively seeking employment in Austria. It is a key metric used by economists and policymakers to assess the health of the Austrian economy.
Methodology
The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Unemployment trends are closely monitored by the Austrian government and the European Central Bank to inform economic and monetary policies.
Key Facts
- Austria's male unemployment rate is lower than the EU average.
- Unemployment levels spiked during the 2008-2009 financial crisis.
- Youth unemployment remains a persistent challenge in Austria.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of unemployed Austrian men aged 25 and over who are actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Unemployment is a key indicator of economic health, and this data provides insights into the Austrian labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Unemployment data is closely monitored by the Austrian government and the European Central Bank to inform economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Austria (LFHUADMAATM647S), retrieved from FRED.