Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Czechia
LREM55MACZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.78
Year-over-Year Change
33.84%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the employment rate for males aged 55 to 64 years in Czechia. It provides insight into labor force participation and economic activity within this demographic.
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 employment rate is a key indicator of economic health, reflecting the ability of the working-age population to secure jobs. This specific trend focuses on the 55 to 64 age group, which is of particular interest to policymakers concerned with labor force participation and retirement trends.
Methodology
The data is collected through household and labor force surveys conducted by the Czech Statistical Office.
Historical Context
This trend is used by economists and policymakers to analyze labor market dynamics and inform economic and social policies.
Key Facts
- Czechia's male employment rate for ages 55-64 was 73.3% in 2020.
- The rate has increased from 54.4% in 2000, reflecting rising labor force participation.
- Czechia has one of the highest employment rates for older males in the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for males aged 55 to 64 years in Czechia, providing insight into labor force participation within this demographic.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding labor market dynamics and informing economic and social policies, particularly those related to aging populations and retirement.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market trends and inform policies related to employment, retirement, and social welfare.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Czech Statistical Office, with a typical delay of a few months. The trend may not capture short-term fluctuations in employment.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Czechia (LREM55MACZA156N), retrieved from FRED.