Infra-Annual Labor Statistics: Unemployment Rate Female: From 55 to 64 Years for Austria
LRUN55FEATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.67
Year-over-Year Change
5.01%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Female: From 55 to 64 Years for Austria measures the unemployment rate for Austrian women aged 55 to 64. This metric is a key indicator of labor market participation and economic well-being for older workers in Austria.
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 data series tracks the unemployment rate specifically for Austrian women between the ages of 55 and 64. It provides insights into the employment challenges and opportunities facing older female workers in the Austrian economy.
Methodology
The data is collected through household labor force surveys conducted by Statistics Austria.
Historical Context
Policymakers and economists use this metric to understand labor market dynamics and develop policies to support older workers.
Key Facts
- Austria's female unemployment rate for ages 55-64 is below the OECD average.
- The rate has declined steadily over the past decade, indicating improving labor market conditions.
- Older female workers face unique challenges, such as age and gender discrimination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate specifically for Austrian women aged 55 to 64 years old. It provides insight into the labor market participation and economic status of older female workers in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the employment challenges and opportunities facing older female workers in Austria. It helps policymakers and economists develop policies and programs to support this demographic.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by Statistics Austria.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze labor market dynamics and develop policies to promote employment and economic security for older female workers in Austria.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it is collected through periodic household surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Female: From 55 to 64 Years for Austria (LRUN55FEATA156N), retrieved from FRED.