Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Denmark
LRAC55TTDKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.67
Year-over-Year Change
3.89%
Date Range
1/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the population aged 55 to 64 years in Denmark who are actively employed or seeking work. This key labor market indicator provides insight into economic activity and workforce trends.
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 Labor Force Participation Rate is a vital metric used by economists and policymakers to assess the supply of available workers and participation in the labor market. It offers important context for evaluating employment, productivity, and economic growth.
Methodology
This statistic is calculated by the U.S. Federal Reserve based on survey data collected by national statistical agencies.
Historical Context
Trends in the labor force participation rate can inform economic policy decisions and business strategies.
Key Facts
- The labor force participation rate for Danes aged 55-64 was 72.7% in 2022.
- Denmark has one of the highest participation rates for older workers among OECD countries.
- Participation rates tend to decline with age due to retirement, disability, or other factors.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the population aged 55 to 64 years in Denmark who are actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics, economic activity, and workforce trends that are crucial for policymakers and businesses.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this statistic based on survey data collected by national statistical agencies.
Q: How is this trend used in economic policy?
A: Trends in the labor force participation rate can inform economic policy decisions and business strategies related to employment, productivity, and economic growth.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or updates due to the time required for survey collection and statistical analysis.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Denmark (LRAC55TTDKQ156S), retrieved from FRED.