Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Denmark
LFEM55TTDKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
589,800.00
Year-over-Year Change
45.80%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures employment among individuals aged 55 to 64 in Denmark. It provides insights into labor force participation and workforce dynamics for older workers.
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: Employment Total: From 55 to 64 Years for Denmark trend tracks the number of employed persons aged 55 to 64 in the Danish labor market. This data point is useful for analyzing labor force trends, evaluating retirement patterns, and informing workforce development policies.
Methodology
The data is collected through household surveys conducted by Statistics Denmark.
Historical Context
Policymakers and economists use this trend to assess the labor market attachment and economic activity of older workers.
Key Facts
- Denmark has one of the highest employment rates for older workers in the OECD.
- The 55-64 age group accounts for over 60% of the Danish labor force.
- Policies such as flexible retirement options have contributed to high employment in this age group.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment of individuals aged 55 to 64 in Denmark. It provides insights into labor force participation and workforce dynamics for older workers.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding labor market attachment and economic activity among older workers, which is crucial for informing workforce development policies and evaluating retirement patterns.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the labor market attachment and economic activity of older workers, which informs workforce development policies and retirement planning.
Q: Are there update delays or limitations?
A: The data is updated regularly by Statistics Denmark, but there may be some delays in availability through FRED.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Denmark (LFEM55TTDKA647N), retrieved from FRED.