Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Denmark
LFAC55TTDKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
614,581.80
Year-over-Year Change
7.34%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the size of the labor force in Denmark for individuals aged 55 to 64 years. It provides insights into workforce participation and aging trends that are key for policymakers and economists.
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 Denmark represents the total number of people aged 55 to 64 who are employed or actively seeking work in the Danish labor market. This data series is used to analyze workforce dynamics and retirement patterns.
Methodology
The data is collected through household surveys conducted by Statistics Denmark.
Historical Context
This trend informs economic policies related to labor, retirement, and aging populations.
Key Facts
- Denmark has one of the highest labor force participation rates for older workers in the OECD.
- The 55-64 age group makes up over 20% of Denmark's total labor force.
- Denmark has implemented policies to encourage later retirement and keep older workers active.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 55 to 64 who are employed or actively seeking work in the Danish labor market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into workforce participation and aging trends that are key for policymakers and economists analyzing labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: This trend informs policies related to labor, retirement, and aging populations in Denmark and other countries.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delays in availability compared to more frequently updated labor market indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Denmark (LFAC55TTDKQ647S), retrieved from FRED.