Activity Rate: Aged 55-64: All Persons for the European Union
LRAC55TTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
34.26%
Date Range
1/1/2005 - 1/1/2019
Summary
The activity rate measures the proportion of the population aged 55-64 that is either employed or actively seeking work in the European Union. This metric is closely watched by economists and policymakers to assess labor force participation and the potential impact of aging populations.
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 activity rate for older workers aged 55-64 is an important economic indicator that provides insights into labor market dynamics and the aging workforce. It reflects the degree of labor force engagement among this demographic group and is used to evaluate employment trends, policy interventions, and economic resilience.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This metric is widely referenced by economists, policymakers, and labor market analysts to inform decisions around retirement policies, skills development, and economic growth strategies.
Key Facts
- The activity rate for EU workers aged 55-64 was 60.5% in 2021.
- Activity rates among older workers have increased over the past two decades.
- Variations in activity rates exist across EU member states.
FAQs
Q: What does this economic trend measure?
A: The activity rate measures the proportion of the population aged 55-64 that is either employed or actively seeking work in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor force participation and the potential impact of aging populations, which is crucial for informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by economists, policymakers, and labor market analysts to inform decisions around retirement policies, skills development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by Eurostat, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Activity Rate: Aged 55-64: All Persons for the European Union (LRAC55TTEUA156N), retrieved from FRED.