Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Portugal
LFUN55MAPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,500.00
Year-over-Year Change
-49.07%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic indicator tracks the unemployment rate for men aged 55 to 64 in Portugal. It provides important insights into the labor market participation and economic conditions 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: Unemployment Male: From 55 to 64 Years for Portugal series measures the percentage of unemployed Portuguese men between the ages of 55 and 64. This metric helps economists and policymakers understand labor force trends and workforce dynamics within this age cohort.
Methodology
The data is collected through household labor force surveys conducted by the Portuguese National Statistics Institute.
Historical Context
This unemployment trend is closely monitored by policymakers to assess the effectiveness of labor market policies and social programs targeting older workers.
Key Facts
- Unemployment rate for Portuguese men aged 55-64 was 5.7% in 2021.
- The 55-64 age group has lower unemployment than the overall Portuguese labor force.
- Unemployment in this demographic has declined in recent years as the economy has improved.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate specifically for Portuguese men between the ages of 55 and 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the labor market participation and economic conditions for older male workers in Portugal, which is relevant for policymakers and economists studying workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: This unemployment trend is closely monitored by policymakers to assess the effectiveness of labor market policies and social programs targeting older workers in Portugal.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be delays in the most recent reporting compared to the overall labor force statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Portugal (LFUN55MAPTA647N), retrieved from FRED.