Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Turkiye
LFEM55MATRA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.77
Year-over-Year Change
-45.50%
Date Range
1/1/2006 - 1/1/2022
Summary
The 'Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Turkiye' measures the employment rate of Turkish men aged 55 to 64. This metric is crucial for understanding labor force participation and workforce dynamics 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 tracks the monthly employment of Turkish men in the 55-64 age group. It provides valuable insights into the labor market engagement of older workers, which is an important consideration for economic and social policy decisions.
Methodology
The data is collected through national labor force surveys conducted by the Turkish Statistical Institute.
Historical Context
Policymakers use this trend to evaluate employment policies and programs targeted at promoting active aging and extending working lives.
Key Facts
- The employment rate for Turkish men aged 55-64 was 52.3% in 2021.
- Employment in this age group has increased by 8.2 percentage points since 2010.
- Turkey has a lower employment rate for older workers compared to the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly employment rate of Turkish men aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor force participation of older workers in Turkey, which is a key consideration for economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to evaluate employment policies and programs targeted at promoting active aging and extending working lives.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights into the labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Turkiye (LFEM55MATRA657N), retrieved from FRED.