Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Switzerland
LRUN55MACHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.75
Year-over-Year Change
11.94%
Date Range
1/1/1999 - 1/1/2024
Summary
The Unemployment Rate Male: From 55 to 64 Years for Switzerland measures the percentage of men aged 55 to 64 in Switzerland who are actively seeking work but unable to find employment.
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 economic indicator provides insights into the labor market participation and employment dynamics of older male workers in Switzerland. It is a valuable metric for policymakers and economists analyzing labor force trends and the effectiveness of policies aimed at promoting active aging and labor force participation.
Methodology
The data is collected through national labor force surveys conducted by the Swiss Federal Statistical Office.
Historical Context
This trend is used to inform economic and social policies related to aging, employment, and retirement in Switzerland.
Key Facts
- Switzerland's unemployment rate for men aged 55-64 was 3.3% in 2021.
- The unemployment rate for this age group has declined from a high of 5.1% in 2010.
- Older male workers in Switzerland have higher labor force participation compared to the EU average.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Male: From 55 to 64 Years for Switzerland measures the percentage of men aged 55 to 64 in Switzerland who are actively seeking work but unable to find employment.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the labor market participation and employment dynamics of older male workers in Switzerland, which is crucial for informing economic and social policies related to aging, employment, and retirement.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze labor force trends and the effectiveness of policies aimed at promoting active aging and labor force participation in Switzerland.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some update delays due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Switzerland (LRUN55MACHA156N), retrieved from FRED.