Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Spain
LRIN55TTESQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.18
Year-over-Year Change
-10.99%
Date Range
1/1/1999 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Spain measures the percentage of the Spanish population aged 55 to 64 who are not employed or actively seeking work. This is a key indicator of labor force participation and economic activity for pre-retirement age adults.
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 labor force statistic tracks the share of Spanish adults in the 55-64 age group who are classified as economically inactive, meaning they are not employed and not actively looking for a job. Policymakers and economists analyze this data to understand labor market trends and the economic engagement of older workers.
Methodology
The data is collected through household surveys conducted by the Spanish National Statistics Institute.
Historical Context
This inactivity rate is used to inform labor force and retirement policies in Spain.
Key Facts
- The 55-64 inactivity rate in Spain was 46.9% in 2021.
- Spain's inactivity rate for older workers is higher than the EU average.
- Inactivity rates tend to rise as workers approach retirement age.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Spain measures the percentage of the Spanish population aged 55 to 64 who are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This labor force statistic is important for understanding employment patterns and economic engagement among older Spanish workers as they approach retirement age.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Spanish National Statistics Institute.
Q: How is this trend used in economic policy?
A: This inactivity rate is used to inform labor force and retirement policies in Spain.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required to conduct and process the household surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Spain (LRIN55TTESQ156S), retrieved from FRED.