Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Portugal
LFAC55MAPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
530,275.00
Year-over-Year Change
60.57%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Portugal' measures the size of the Portuguese male labor force aged 55 to 64. This demographic data is critical for analyzing workforce participation and aging trends.
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 tracks the number of Portuguese men aged 55 to 64 who are actively employed or seeking work. It provides granular, timely insights into the labor force composition and labor market dynamics within this key demographic group.
Methodology
The data is collected through national labor force surveys conducted by the statistical agency of Portugal.
Historical Context
Policymakers and economists use this trend to assess employment challenges and opportunities for older workers as Portugal navigates demographic shifts.
Key Facts
- The labor force participation rate for Portuguese men aged 55-64 was 59.3% in 2021.
- Employment among this group has risen steadily in recent years as the population ages.
- Older worker participation is a key policy focus in Portugal as the workforce grays.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the size of the labor force for Portuguese men aged 55 to 64, providing insights into workforce participation within this demographic group.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for analyzing employment challenges and opportunities for older workers in Portugal as the population ages, informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the statistical agency of Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess labor market dynamics and design policies supporting employment for older workers in Portugal.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, providing timely insights into this demographic segment of the Portuguese labor force.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Portugal (LFAC55MAPTA647S), retrieved from FRED.