Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Estonia
LREM55TTEEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.14
Year-over-Year Change
-1.40%
Date Range
1/1/2000 - 1/1/2025
Summary
The Employment Rate Total: From 55 to 64 Years for Estonia measures the percentage of the population aged 55 to 64 who are employed. This metric provides insight into 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 trend represents the share of the Estonian population aged 55 to 64 who are currently employed. It is a key indicator of labor market dynamics and workforce participation for older adults, which has important implications for economic policy and retirement planning.
Methodology
The data is collected through household and labor force surveys conducted by the Estonian statistical agency.
Historical Context
Policymakers and economists use this trend to evaluate labor market conditions, workforce trends, and the economic status of older adults.
Key Facts
- Estonia's employment rate for 55-64 year-olds was 71.1% in 2021.
- The trend has increased from 53.5% in 2002 to 71.1% in 2021.
- Employment rates are higher for older men than older women in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Estonian population aged 55 to 64 who are currently employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor force participation and economic activity among older workers in Estonia, which has important implications for economic policy and retirement planning.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate labor market conditions, workforce trends, and the economic status of older adults in Estonia.
Q: Are there update delays or limitations?
A: The data is updated on an annual basis, so there may be a lag in the most recent information.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Estonia (LREM55TTEEQ156S), retrieved from FRED.