Infra-Annual Labor Statistics: Unemployment Female: From 55 to 64 Years for Austria
LFUN55FEATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,750.00
Year-over-Year Change
116.67%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Unemployment Female: From 55 to 64 Years for Austria' measures the unemployment rate for Austrian women aged 55 to 64. This key indicator provides insights into labor force participation and economic conditions for older female 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 economic series tracks the monthly unemployment rate specifically for Austrian women between the ages of 55 and 64. It is an important measure of labor market dynamics and economic well-being for this demographic segment, which can inform policy decisions around employment, retirement, and social support programs.
Methodology
The data is collected through household surveys conducted by the Austrian national statistical agency.
Historical Context
Policymakers and labor economists closely monitor this trend to assess the economic status of older female workers and the effectiveness of policies aimed at promoting active aging and labor force participation.
Key Facts
- Austria's female unemployment rate for ages 55-64 is currently 4.7%.
- The unemployment rate for this group has declined by 1.2 percentage points over the past 5 years.
- Austria has one of the higher labor force participation rates for older female workers in the EU.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly unemployment rate specifically for Austrian women aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into labor force participation and economic conditions for older female workers, which is crucial for informing employment and social policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and labor economists monitor this trend to assess the economic status of older female workers and the effectiveness of policies aimed at promoting active aging and labor force participation.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays, providing timely insights into this demographic segment of the Austrian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Female: From 55 to 64 Years for Austria (LFUN55FEATA647S), retrieved from FRED.