Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Austria
LREM55TTATQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.59
Year-over-Year Change
5.89%
Date Range
1/1/1999 - 1/1/2025
Summary
The employment rate for individuals aged 55 to 64 years in Austria is an important economic indicator that measures labor force participation 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 trend represents the percentage of the population aged 55 to 64 years who are employed in Austria. It is a key statistic for analyzing labor market dynamics and the economic integration of older adults.
Methodology
The data is collected through household and labor force surveys conducted by Eurostat.
Historical Context
Policymakers and analysts use this trend to assess the effectiveness of initiatives aimed at extending working lives and promoting active aging.
Key Facts
- Austria's employment rate for 55-64 year-olds was 54.4% in 2021.
- The employment rate for this age group has increased by over 20 percentage points since 2000.
- Austria's rate is above the OECD average but still lags some other European countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 55 to 64 years who are employed in Austria.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for older workers is an important indicator of labor market dynamics and the economic integration of an aging population.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the effectiveness of initiatives aimed at extending working lives and promoting active aging.
Q: Are there update delays or limitations?
A: The data is updated regularly by Eurostat, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Austria (LREM55TTATQ156S), retrieved from FRED.