Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Slovak Republic
LFAC55MASKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,300.00
Year-over-Year Change
1.34%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the labor force participation rate for Slovak Republic males aged 55 to 64 years old. It provides insights into workforce engagement and demographic trends among older workers.
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
The Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Slovak Republic data series tracks the percentage of working-age Slovak men between 55 and 64 years old who are actively participating in the labor force. This metric is a key indicator of labor market dynamics and labor force composition.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
Policymakers and economists analyze this trend to understand labor market conditions and workforce participation patterns.
Key Facts
- Slovak Republic's labor force participation rate for men aged 55-64 was 62.7% in Q3 2022.
- The trend has shown steady increases over the past decade, up from 57.2% in Q3 2012.
- Older worker participation is a key metric for assessing labor market health and demographic shifts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for Slovak Republic men aged 55 to 64 years old, indicating the percentage of this demographic that is actively engaged in the workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics, workforce composition, and demographic trends, which are important for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand labor market conditions, workforce participation patterns, and the potential impacts on the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a potential delay of several months between the reference period and public release.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Slovak Republic (LFAC55MASKQ647S), retrieved from FRED.