Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Austria
LREMTTTTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.33
Year-over-Year Change
0.95%
Date Range
1/1/1999 - 1/1/2024
Summary
The Employment Rate Total: 15 Years or over for Austria measures the percentage of the Austrian population aged 15 and above who are employed. This key labor market indicator provides insights into the overall economic health and productivity of the country.
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 employment rate reflects the share of the working-age population that is currently employed. It is a widely used metric to gauge the strength and resilience of the Austrian labor market, with implications for consumer spending, economic growth, and policymaking.
Methodology
The data is collected through national labor force surveys conducted by the Austrian statistical agency.
Historical Context
Policymakers and analysts closely monitor this employment rate to inform decisions on economic, social, and labor market policies.
Key Facts
- Austria's employment rate averaged 73.8% in 2021.
- The employment rate for women in Austria was 70.3% in 2021.
- Austria's employment rate has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Austria measures the percentage of the working-age population in Austria that is currently employed.
Q: Why is this trend relevant for users or analysts?
A: This employment rate is a key indicator of the health and strength of the Austrian labor market, with implications for the broader economy, consumer spending, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment rate to inform decisions on economic, social, and labor market policies in Austria.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular schedule with minimal delays, providing timely insights into the Austrian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Austria (LREMTTTTATA156N), retrieved from FRED.