Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for Austria
LRIN55MAATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.65
Year-over-Year Change
-35.54%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for Austria measures the percentage of men aged 55 to 64 who are not actively participating in the labor force. This metric is important for analyzing workforce dynamics and informing economic and social policies.
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 indicator tracks the share of Austrian men between the ages of 55 and 64 who are neither employed nor actively seeking work. Understanding inactivity trends in this age group provides insights into labor force participation, retirement patterns, and the long-term economic outlook.
Methodology
The data is collected through household surveys conducted by the Austrian statistical agency.
Historical Context
Policymakers use this metric to assess the labor market health and design initiatives to promote active aging and workforce participation.
Key Facts
- The inactivity rate for Austrian men aged 55-64 was 23.9% in 2021.
- Inactivity rates tend to be higher for older workers nearing retirement age.
- Promoting active aging can help address labor shortages and support economic growth.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for Austria measures the percentage of men aged 55 to 64 who are not actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: Understanding inactivity trends in this age group provides insights into labor force participation, retirement patterns, and the long-term economic outlook.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the labor market health and design initiatives to promote active aging and workforce participation.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may be subject to minor delays or revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for Austria (LRIN55MAATA156S), retrieved from FRED.