Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Sweden
LRAC55TTSEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.75
Year-over-Year Change
2.26%
Date Range
1/1/2001 - 1/1/2025
Summary
The Labor Force Participation Rate Total: From 55 to 64 Years for Sweden measures the percentage of the Swedish population aged 55 to 64 who are employed or actively seeking work. This indicator provides valuable insights into labor market dynamics and labor force 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 a key economic indicator that reflects the active portion of an economy's labor force. The 55 to 64 years age group participation rate is particularly important for analyzing labor market engagement and trends among older workers in Sweden.
Methodology
This data is collected through household surveys conducted by the Swedish statistical agency.
Historical Context
Policymakers and economists use this trend to assess the overall health of the Swedish labor market and support policies aimed at promoting active aging and workforce participation.
Key Facts
- The labor force participation rate for Swedes aged 55-64 was 78.4% in 2021.
- Sweden has one of the highest labor force participation rates among older workers in the OECD.
- The participation rate for this age group has increased steadily in Sweden over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Swedish population aged 55 to 64 who are employed or actively seeking work, providing insights into labor market engagement among older workers.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate for older workers is an important indicator of labor market dynamics and the ability of an economy to utilize the skills and experience of its aging population.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by the Swedish statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the overall health of the Swedish labor market and support policies aimed at promoting active aging and workforce participation.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for minor delays in release.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Sweden (LRAC55TTSEQ156S), retrieved from FRED.