Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Austria
LRIN25TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.30
Year-over-Year Change
-11.02%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Austria measures the percentage of the Austrian population aged 25 to 54 who are not actively employed or seeking work. This metric provides insight into labor force participation and potential economic capacity.
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 prime working-age population in Austria that is economically inactive, meaning they are neither employed nor actively looking for a job. Analyzing this inactivity rate helps economists and policymakers understand labor market dynamics and potential labor supply.
Methodology
The data is collected through national labor force surveys.
Historical Context
Policymakers use this inactivity rate to inform decisions around employment, social welfare, and economic development programs.
Key Facts
- Austria's inactivity rate for 25-54 year olds was 8.78% in 2022.
- The inactivity rate has declined from a high of 9.51% in 2016.
- Prime-age inactivity is lower in Austria than the EU average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Austria measures the percentage of the Austrian population aged 25 to 54 who are not actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the inactivity rate for prime-working age Austrians provides insight into labor force participation and the potential economic capacity of the country.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted in Austria.
Q: How is this trend used in economic policy?
A: Policymakers use this inactivity rate to inform decisions around employment, social welfare, and economic development programs.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential for minor delays in publication.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Austria
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Austria (LRIN25TTATA156N), retrieved from FRED.