Active Population: Aged 55-64: All Persons for the European Union
LFAC55TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,452,716.72
Year-over-Year Change
11.06%
Date Range
1/1/2005 - 10/1/2019
Summary
The 'Active Population: Aged 55-64: All Persons for the European Union' trend measures the economically active population aged 55 to 64 years old in the European Union. This metric is crucial for policymakers to understand labor force participation and retirement trends.
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 economic indicator represents the number of people aged 55 to 64 who are employed or actively seeking work in the European Union. It provides insight into labor market dynamics and the aging workforce, which is vital for economic and social policy planning.
Methodology
The data is collected through national labor force surveys in EU member states.
Historical Context
This trend is used by policymakers, economists, and analysts to assess the labor force participation and retirement patterns of older workers in Europe.
Key Facts
- The active population aged 55-64 in the EU was 57.5 million in 2021.
- Labor force participation for this age group has increased over the past decade.
- Older workers make up a growing share of the total EU labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 55 to 64 who are employed or actively seeking work in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into labor force participation and retirement patterns of older workers, which is vital for economic and social policy planning in the EU.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys in EU member states.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this trend to assess the labor market dynamics and aging workforce in Europe.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with some potential for delays in data reporting from member states.
Related Trends
Consumer Price Index: Harmonised prices: All items less food, energy, tobacco, alcohol: Total for the European Union
EU28CPHPLA01GYM
Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for European Union (28 Countries)
00XSEAEU28M086NEST
Harmonized Index of Consumer Prices: Personal Care for European Union (28 Countries)
CP1210EU28M086NEST
Harmonized Index of Consumer Prices: Beer for European Union (27 Countries from 2020)
CP0213EU272020M086NEST
Harmonized Index of Consumer Prices: Clothing for European Union (28 Countries)
CP0310EU28M086NEST
Harmonized Index of Consumer Prices: Dental Services for European Union (28 Countries)
CP0622EU28M086NEST
Citation
U.S. Federal Reserve, Active Population: Aged 55-64: All Persons for the European Union (LFAC55TTEUQ647S), retrieved from FRED.