Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Slovak Republic
LREM55MASKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.38
Year-over-Year Change
29.98%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Slovak Republic measures the percentage of men aged 55 to 64 who are employed in the Slovak Republic. This indicator provides important insights into labor force participation and economic activity for 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 statistic represents the employment rate, or the share of the population in the 55 to 64 age group who are employed, for Slovak Republic. It is a key economic indicator used to analyze labor market trends and the labor force attachment of older individuals.
Methodology
The data is collected through household labor force surveys conducted by the Slovak Statistical Office.
Historical Context
This employment rate metric is widely used by policymakers, economists, and labor market analysts to evaluate economic conditions and the labor force participation of older workers.
Key Facts
- The employment rate for men aged 55-64 in Slovak Republic was 62.3% in 2021.
- Employment rates tend to decline with age as workers retire or reduce their labor force participation.
- Policies aimed at extending the working lives of older adults can impact this employment metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate, or the percentage of men aged 55 to 64 who are employed, in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor force participation and economic activity for older workers, which is critical for evaluating labor market conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: This employment rate for older workers is widely used by policymakers, economists, and labor market analysts to evaluate economic conditions and the labor force participation of older adults.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Slovak Republic (LREM55MASKA156N), retrieved from FRED.