Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Austria
LFAC55TTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
851,686.50
Year-over-Year Change
11.04%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total labor force in Austria for individuals aged 55 to 64 years. It provides important insights into labor force participation and aging workforce dynamics.
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 Total: From 55 to 64 Years for Austria tracks the size of the labor force for this key demographic group. This data is used by economists and policymakers to analyze labor market trends and plan policies related to employment, retirement, and social safety nets.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend is relevant for understanding labor market conditions and informing economic policies related to aging populations.
Key Facts
- Austria's labor force aged 55-64 was 1.2 million in 2021.
- The 55-64 age group made up 23% of Austria's total labor force in 2021.
- Austria's 55-64 labor force has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Austria for individuals aged 55 to 64 years.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor force participation and aging workforce dynamics, which are crucial for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding labor market conditions and informing economic policies related to employment, retirement, and social safety nets for aging populations.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but may be subject to publication lags or revisions by the statistical agencies.
Related Trends
Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Austria
LRIN25TTATA156N
Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Austria
CCRETT02ATQ661N
Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for Austria
BSOBLV02ATM460S
People 15 Years and Over Saving at a Financial Institution in the Past Year for Austria
DDAI06ATA156NWDB
Mutual Fund Assets to GDP for Austria
DDDI07ATA156NWDB
Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for Austria
LFWATTFEATQ647S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Austria (LFAC55TTATQ647S), retrieved from FRED.