Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Austria
LFHUADMAATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95,416.67
Year-over-Year Change
3.90%
Date Range
1/1/1994 - 1/1/2022
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Austria measures the unemployment rate among Austrian men aged 25 and older. This metric is a key indicator of the health of the Austrian labor market and economic conditions.
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 data series tracks the monthly unemployment rate for Austrian men aged 25 and older, as part of the European harmonized system of unemployment statistics. It is a valuable tool for economists and policymakers to assess Austria's labor force dynamics and broader economic performance.
Methodology
The data is collected through national labor force surveys and harmonized to international statistical standards.
Historical Context
This unemployment trend is closely monitored by the European Central Bank and Austrian government for policy decisions.
Key Facts
- Austria's male unemployment rate averaged 3.9% in 2022.
- Unemployment among Austrian men is consistently lower than the overall national rate.
- The COVID-19 pandemic caused a spike in male unemployment in Austria in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Austrian men aged 25 and older, as part of the harmonized European unemployment statistics.
Q: Why is this trend relevant for users or analysts?
A: This unemployment data is a key indicator of the health of the Austrian labor market and broader economic conditions, providing valuable insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and harmonized to international statistical standards.
Q: How is this trend used in economic policy?
A: The Harmonized Unemployment rate for Austrian men is closely monitored by the European Central Bank and Austrian government for informing policy decisions related to employment, labor markets, and macroeconomic management.
Q: Are there update delays or limitations?
A: This data series is published monthly with a short lag, providing timely information on the state of the Austrian labor market.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Austria (LFHUADMAATA647N), retrieved from FRED.