Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Austria
Quarterly, Not Seasonally Adjusted
LFAC55TTATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
849,000.00
Year-over-Year Change
10.97%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total labor force in Italy on a quarterly, not seasonally adjusted basis. It provides insight into the size and composition of the Italian workforce, which is crucial for economic analysis and policymaking.
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 labor force is defined as the total number of people employed or actively seeking employment in Italy. This metric is a key indicator of economic activity and is widely used by economists, policymakers, and market analysts to assess the health and dynamics of the Italian labor market.
Methodology
The data is collected through household surveys conducted by the Italian National Institute of Statistics (Istat).
Historical Context
This labor force trend is essential for understanding Italy's economic performance and informing policy decisions related to employment, workforce development, and macroeconomic management.
Key Facts
- Italy's labor force totaled 24.8 million in Q4 2022.
- The labor force participation rate was 64.8% in Q4 2022.
- Italy's unemployment rate stood at 7.8% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Italy on a quarterly, not seasonally adjusted basis. It includes both employed and actively job-seeking individuals.
Q: Why is this trend relevant for users or analysts?
A: The Italian labor force is a crucial indicator for assessing the health and dynamics of the country's labor market, which is essential for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Italian National Institute of Statistics (Istat).
Q: How is this trend used in economic policy?
A: This labor force trend is used by policymakers, economists, and market analysts to inform decisions related to employment, workforce development, and macroeconomic management in Italy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of approximately 3 months. There may be some limitations in capturing certain types of employment, such as informal or unregistered work.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC55TTATQ647N), retrieved from FRED.