Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Spain
LRAC55TTESQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.80
Year-over-Year Change
6.01%
Date Range
1/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate Total: From 55 to 64 Years for Spain measures the percentage of the Spanish population aged 55 to 64 who are employed or actively seeking work. This indicator provides insight into labor market participation and retirement trends among older workers.
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 an important economic indicator that reflects the active portion of an economy's labor supply. This data series specifically focuses on the participation rate for Spaniards aged 55 to 64, offering a snapshot of labor market engagement within this demographic.
Methodology
The data is collected through household surveys conducted by the Spanish National Statistics Institute.
Historical Context
Economists and policymakers monitor this indicator to understand labor market dynamics and inform policies related to aging, retirement, and workforce participation.
Key Facts
- The labor force participation rate for Spaniards aged 55-64 was 62.0% in 2021.
- Spain's participation rate for this age group has increased by 7 percentage points since 2005.
- Older workers account for a growing share of Spain's total labor force.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the labor force participation rate for Spaniards aged 55 to 64, representing the percentage of that population who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the labor force participation rate for older workers provides insights into retirement patterns, labor market engagement, and the economic activity of an aging population.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Spanish National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to understand labor market dynamics and inform policies related to aging, retirement, and workforce participation.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with the most recent observations subject to potential revisions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Spain (LRAC55TTESQ156N), retrieved from FRED.