Active Population: Aged 55-64: All Persons for the European Union
LFAC55TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,692,025.00
Year-over-Year Change
55.82%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures the active population aged 55-64 for the European Union. It provides important insights into labor force participation and aging demographics.
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 active population aged 55-64 represents the number of individuals in this age group who are employed or actively seeking work. This statistic is a key indicator of economic activity, labor market trends, and the aging of the workforce.
Methodology
The data is collected through labor force surveys and population censuses conducted by Eurostat.
Historical Context
Policymakers and economists use this trend to analyze workforce dynamics and inform decisions on employment, retirement, and social welfare programs.
Key Facts
- The active population aged 55-64 in the EU was 64.9 million in 2021.
- Labor force participation rate for this age group was 68.2% in 2021.
- The active population has increased by 15.7% since 2011.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active population aged 55-64 in the European Union, which includes both employed individuals and those actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor force participation and aging demographics, which are critical for policymakers and economists to analyze workforce dynamics and inform decisions on employment, retirement, and social welfare programs.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys and population censuses conducted by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze workforce dynamics and inform decisions on employment, retirement, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Active Population: Aged 55-64: All Persons for the European Union (LFAC55TTEUA647N), retrieved from FRED.