Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Austria
LFWA74TTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,878,219.00
Year-over-Year Change
1.82%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total working-age population in Austria, including individuals between 15 and 74 years old. It provides valuable insights into the size and composition of the labor force, which is crucial for economic planning and policy decisions.
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 working-age population is a key indicator of the potential labor supply in an economy. Tracking changes in this metric can help policymakers and analysts understand demographic shifts, labor market dynamics, and the implications for economic growth and social welfare programs.
Methodology
The data is collected through national labor force surveys conducted by the Austrian statistical agency.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the labor market conditions and long-term economic prospects in Austria.
Key Facts
- Austria's working-age population was 6.2 million in 2022.
- The working-age population has grown by 2.5% over the past decade.
- Women account for 49.6% of the working-age population in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population in Austria, including individuals between 15 and 74 years old.
Q: Why is this trend relevant for users or analysts?
A: Tracking the working-age population is crucial for understanding labor market dynamics, demographic shifts, and the potential for economic growth in Austria.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the labor market conditions and long-term economic prospects in Austria, informing decisions on employment, social welfare, and economic development policies.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with a typical delay of 1-2 quarters. There may be some limitations in capturing informal or unregistered workers in the working-age population estimates.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Austria (LFWA74TTATQ647S), retrieved from FRED.