Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Austria
LREMTTTTATQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.24
Year-over-Year Change
-0.75%
Date Range
1/1/1999 - 1/1/2025
Summary
This trend measures the employment rate for individuals aged 15 years and over in Austria. It is a key indicator of labor market performance and economic activity in 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
The employment rate represents the percentage of the working-age population that is employed. This metric is widely used by economists and policymakers to assess the strength of the labor market and overall economic conditions.
Methodology
The data is collected through household surveys conducted by the Austrian government.
Historical Context
The employment rate is a crucial input for evaluating economic policies and forecasting future economic trends.
Key Facts
- Austria's current employment rate is around 75%.
- The employment rate has increased steadily over the past decade.
- Young workers and women have lower employment rates compared to the overall population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Austrian population aged 15 years and older who are employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of labor market performance and overall economic health, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian government.
Q: How is this trend used in economic policy?
A: The employment rate is used by policymakers and economists to evaluate the effectiveness of economic policies and forecast future economic trends.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but may be subject to revisions and delays due to the nature of household survey data collection.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Austria (LREMTTTTATQ156S), retrieved from FRED.