Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Austria
LREM74MAATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.95
Year-over-Year Change
1.17%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the employment rate for males aged 15 to 74 in Austria. It provides valuable insights into the health and dynamics of the Austrian labor market.
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 Male: From 15 to 74 Years for Austria tracks the percentage of the male population aged 15 to 74 who are employed. This metric is a key indicator of economic activity and labor force participation in Austria.
Methodology
The data is collected through household surveys and administrative records by the Austrian statistical agency.
Historical Context
Policymakers and economists use this trend to assess the strength of the Austrian economy and inform decisions around employment, workforce, and economic policies.
Key Facts
- The employment rate for Austrian men aged 15-74 was 78.4% in 2021.
- Austria has one of the highest male employment rates in the European Union.
- Male employment in Austria has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the male population aged 15 to 74 in Austria who are employed.
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into the strength and dynamics of the Austrian labor market, which is crucial for evaluating the health of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and administrative records by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the Austrian economy and inform decisions around employment, workforce, and economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Austrian statistical agency, with minimal delays. However, there may be some limitations in capturing all employment situations, especially in the informal economy.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Austria (LREM74MAATA156N), retrieved from FRED.