Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Finland
LREM55MAFIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.35
Year-over-Year Change
25.74%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Finland measures the employment rate for Finnish men aged 55 to 64. This statistic is a key indicator of labor force participation and economic activity 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
This series tracks the percentage of Finnish men aged 55 to 64 who are currently employed. It provides insights into labor market trends and the economic integration of older adults, which is important for assessing national workforce dynamics and evaluating policies aimed at extending working lives.
Methodology
The data is collected through household labor force surveys conducted by Statistics Finland.
Historical Context
Policymakers and labor market analysts use this metric to understand employment patterns and design initiatives that promote active aging and productive participation of older individuals.
Key Facts
- Finland has one of the highest employment rates for older men in the OECD.
- The employment rate for Finnish men aged 55-64 has risen steadily over the past decade.
- Policies like flexible work arrangements and lifelong learning have contributed to Finland's high older worker participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for Finnish men aged 55 to 64 years old, providing insights into labor force participation and economic activity among older workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing national workforce dynamics and evaluating policies aimed at extending working lives and promoting active aging.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts use this metric to understand employment patterns and design initiatives that promote the productive participation of older individuals.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Finland (LREM55MAFIA156N), retrieved from FRED.