Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for Portugal
LFUN55TTPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,075.00
Year-over-Year Change
-34.56%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total unemployment rate for individuals aged 55 to 64 in Portugal. It provides critical insights into the labor market participation and economic well-being of older workers in the country.
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 Total: From 55 to 64 Years for Portugal indicator tracks the percentage of the labor force aged 55 to 64 who are unemployed. This metric is closely monitored by policymakers and economists to understand labor force dynamics and assess the effectiveness of policies supporting older workers.
Methodology
The data is collected through national labor force surveys conducted by the Portuguese statistical agency.
Historical Context
This trend is used to inform economic and social policies aimed at promoting active aging and labor force participation among older adults.
Key Facts
- Portugal's unemployment rate for ages 55-64 was 6.7% in 2021.
- The trend has declined from a high of 11.5% in 2013.
- Older worker unemployment is a key focus for policymakers addressing population aging.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 55 to 64 in Portugal. It provides insight into labor market participation and economic conditions for older workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and economists to understand labor force dynamics and assess the effectiveness of policies supporting older workers.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: This trend informs economic and social policies aimed at promoting active aging and labor force participation among older adults in Portugal.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential delays in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for Portugal (LFUN55TTPTA647N), retrieved from FRED.