Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Switzerland
LFIN55TTCHA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
275,750.00
Year-over-Year Change
-2.13%
Date Range
1/1/2005 - 1/1/2024
Summary
This trend measures the number of persons aged 55 to 64 who are outside the labor force in Switzerland. It provides insights into labor market participation and economic activity for 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: Persons Outside the Labor Force Total: From 55 to 64 Years for Switzerland tracks the population aged 55 to 64 who are not actively working or seeking employment. This data is used by economists and policymakers to analyze labor force dynamics and trends in workforce participation.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
This trend is relevant for understanding Switzerland's labor market and evaluating policies that impact older workers.
Key Facts
- Switzerland has an aging population.
- Labor force participation rates decline with age.
- Policies that support older workers can boost economic productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 55 to 64 in Switzerland who are not actively working or seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market dynamics and workforce participation for older workers, which is important for understanding economic activity and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor force participation and evaluate policies that impact older workers in Switzerland.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, so there may be lags in availability compared to more frequently updated labor market indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Switzerland (LFIN55TTCHA647S), retrieved from FRED.