Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Estonia
LFAC55TTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137,025.00
Year-over-Year Change
24.57%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Estonia' measures the size of the Estonian labor force aged 55 to 64. This metric is crucial for analyzing demographic and workforce trends in the country.
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 series represents the total number of Estonians aged 55 to 64 who are actively participating in the labor force. It is an important indicator of workforce participation, aging trends, and policy impacts on older workers.
Methodology
The data is collected through Estonia's labor force surveys.
Historical Context
Policymakers and economists use this metric to assess the labor market and inform policies affecting older workers.
Key Facts
- Estonia's labor force aged 55-64 totaled over 100,000 in 2021.
- Participation rate for this age group was around 70% in recent years.
- The 55-64 age cohort makes up about 20% of Estonia's total labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of Estonians aged 55 to 64 who are actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing demographic and workforce trends in Estonia, particularly the participation of older workers in the labor market.
Q: How is this data collected or calculated?
A: The data is collected through Estonia's labor force surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the labor market and inform policies affecting older workers in Estonia.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delays in availability compared to more frequently updated labor statistics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Estonia (LFAC55TTEEA647N), retrieved from FRED.