Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Austria
LFACTTTTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,759,169.00
Year-over-Year Change
2.37%
Date Range
1/1/1969 - 1/1/2025
Summary
This economic trend measures the total labor force of Austria for individuals aged 15 and over. It is a key indicator of workforce participation and economic activity 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
The Infra-Annual Labor Statistics: Labor Force Total for Austria tracks the size of the working-age population that is employed or actively seeking employment. This data is used by economists and policymakers to analyze labor market dynamics and workforce trends.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This labor force metric informs decisions around employment, economic growth, and social policies in Austria.
Key Facts
- Austria's labor force totaled over 4.8 million in 2021.
- The labor force participation rate was 61.5% in 2021.
- The data is released on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the labor force in Austria for individuals aged 15 and over, including both employed and unemployed workers actively seeking jobs.
Q: Why is this trend relevant for users or analysts?
A: The labor force total is a key indicator of workforce participation and economic activity in Austria, informing analysis of employment, economic growth, and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Austria's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this labor force metric to inform decisions around employment, economic growth, and social policies in Austria.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical update delay of several months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Austria (LFACTTTTATQ647S), retrieved from FRED.