Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Austria
LRAC25TTATQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.81
Year-over-Year Change
0.12%
Date Range
1/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate (LFPR) for individuals aged 25 to 54 in Austria is an important economic indicator that reflects the size of the active workforce.
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 LFPR measures the proportion of the working-age population that is employed or actively seeking employment. This metric provides insights into the utilization of human capital and is a key input for economic analysis and policy decisions.
Methodology
The data is collected through household surveys conducted by the Austrian national statistical agency.
Historical Context
Policymakers and economists monitor this trend to assess the health of the labor market and make informed decisions.
Key Facts
- The LFPR for 25-54 year-olds in Austria is over 90%.
- The LFPR has remained relatively stable over the past decade.
- Austria has one of the highest LFPR rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Austria measures the proportion of the working-age population in Austria that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and utilization of the labor force, which is a key factor for economic growth and policymaking.
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 economists monitor this trend to assess labor market conditions and make informed decisions about economic and social policies.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely insights into the Austrian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Austria (LRAC25TTATQ156S), retrieved from FRED.