Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Estonia
LFEM55MAEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,400.00
Year-over-Year Change
30.45%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Estonia' trend measures the employment rate for Estonian men aged 55 to 64. This data provides insights into the labor force participation of older workers, which is crucial for understanding economic activity and workforce dynamics.
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 tracks the monthly employment levels for Estonian men between the ages of 55 and 64. It is a key indicator of labor market health and economic conditions, as the employment of older workers reflects broader trends in retirement, productivity, and workforce composition.
Methodology
The data is collected through household surveys conducted by the Estonian statistical agency.
Historical Context
Policymakers and economists use this trend to assess the labor force participation and labor market attachment of older Estonian workers.
Key Facts
- Estonia's employment rate for men aged 55-64 was 72.4% in 2021.
- The trend has shown steady improvement since the early 2010s.
- Older workers' labor force participation is a key factor in economic growth and sustainability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly employment rate for Estonian men aged 55 to 64 years old, providing insights into the labor force participation of older workers.
Q: Why is this trend relevant for users or analysts?
A: The employment of older workers is a crucial indicator of labor market health, economic activity, and workforce dynamics, making this trend important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the labor force participation and labor market attachment of older Estonian workers, which informs decisions on retirement, productivity, and workforce composition.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Estonia (LFEM55MAEEA647N), retrieved from FRED.