Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Ireland
LREM55MAIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.53
Year-over-Year Change
36.20%
Date Range
1/1/2000 - 1/1/2024
Summary
The Employment Rate Male: From 55 to 64 Years for Ireland measures the percentage of men aged 55 to 64 who are employed in Ireland. This metric is a key indicator of labor market 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 data series tracks the employment rate for Irish men between the ages of 55 and 64. It is used by economists and policymakers to analyze trends in labor force participation, workforce aging, and the effectiveness of policies aimed at extending working lives.
Methodology
The data is collected through household labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
This employment trend provides important insights for policies related to retirement, pension systems, and labor market flexibility.
Key Facts
- Ireland's 55-64 male employment rate was 66.4% in 2020.
- The rate has increased from 49.7% in 2002.
- Employment among older Irish men remains below the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Irish men aged 55 to 64 who are employed. It is a key indicator of labor force participation among older workers.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for analyzing labor market trends, workforce aging, and the effectiveness of policies aimed at extending working lives.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This employment trend provides insights for policies related to retirement, pension systems, and labor market flexibility.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis with potential lags in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Ireland (LREM55MAIEA156S), retrieved from FRED.