Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Finland
LREM55TTFIQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.50
Year-over-Year Change
2.51%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the employment rate for individuals aged 55 to 64 in Finland. It provides insight into labor force participation and workforce dynamics within this key demographic.
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
The Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Finland tracks the percentage of the Finnish population aged 55 to 64 who are employed. This metric is useful for analyzing labor market trends and evaluating policies aimed at encouraging older workers to remain active in the workforce.
Methodology
The data is collected through national labor force surveys conducted by Statistics Finland.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health of Finland's labor market and the effectiveness of initiatives promoting active aging.
Key Facts
- Finland's employment rate for 55-64 year-olds was 68.3% in 2021.
- The employment rate for this age group has increased by 10 percentage points since 2010.
- Promoting active aging is a key policy priority in Finland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 55 to 64 in Finland, providing insight into labor force participation within this demographic.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and economists to assess the health of Finland's labor market and the effectiveness of initiatives promoting active aging.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate policies aimed at encouraging older workers to remain active in the Finnish workforce.
Q: Are there update delays or limitations?
A: The data is updated regularly by Statistics Finland, with minimal delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Finland (LREM55TTFIQ156S), retrieved from FRED.