Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Austria
LFUN74MAATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,600.00
Year-over-Year Change
12.91%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the unemployment rate for Austrian men aged 15 to 74. It provides key insights into Austria's labor market dynamics and is an important indicator for policymakers and economists.
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 15 to 74 Years for Austria tracks the monthly unemployment rate specifically for Austrian men in the 15-74 age group. This data series is widely used to assess the health of the Austrian labor market and inform economic decision-making.
Methodology
The data is collected through national labor force surveys conducted by Statistics Austria.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the broader economic conditions and employment landscape in Austria.
Key Facts
- Austria's male unemployment rate averaged 4.7% in 2022.
- The unemployment rate for Austrian men aged 15-74 has declined steadily since the COVID-19 pandemic.
- Male unemployment in Austria is significantly lower than the overall national unemployment rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate specifically for Austrian men aged 15 to 74 years old.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health of Austria's labor market and is closely monitored by policymakers and economists to inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Austria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge broader economic conditions and the employment landscape in Austria, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, providing timely insights into the Austrian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Austria (LFUN74MAATA647N), retrieved from FRED.