Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for France
LFIN55TTFRA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,123,325.00
Year-over-Year Change
-25.44%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the total number of persons outside the labor force in France, specifically those aged 55 to 64 years old. It provides insight into labor market participation and retirement trends 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
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for France' series tracks the population of individuals aged 55 to 64 who are not actively participating in the French labor force. This metric is used by economists and policymakers to analyze labor market dynamics and the transition to retirement.
Methodology
The data is collected through household surveys conducted by the French national statistical office.
Historical Context
This trend is relevant for assessing the labor supply, evaluating retirement policies, and understanding workforce participation patterns.
Key Facts
- France has an aging population with a high share of individuals aged 55-64.
- Labor force participation rates decline sharply for workers in this age group.
- Policies that encourage older workers to remain in the labor force are a focus for policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 55 to 64 in France who are outside the labor force, meaning they are not actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market participation and retirement patterns among older workers, which is important for evaluating employment policies and understanding workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the French national statistical office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess labor supply, design retirement policies, and understand workforce participation patterns among older individuals.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual (less than annual) basis, so there may be some delays in the most recent updates.
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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 France (LFIN55TTFRA647N), retrieved from FRED.