Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Austria
LFIN55MAATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206,650.00
Year-over-Year Change
-10.05%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic indicator tracks the number of men aged 55 to 64 years who are outside the labor force in Austria. It provides insights into labor market participation and workforce trends among 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: Persons Outside the Labor Force Male: From 55 to 64 Years for Austria' metric measures the population of Austrian men aged 55 to 64 who are not actively employed or seeking work. This data point is useful for understanding labor force dynamics and workforce participation patterns as the population ages.
Methodology
The data is collected through household surveys by the national statistical agency.
Historical Context
This metric is relevant for policymakers and labor market analysts examining workforce trends and the economic participation of older adults.
Key Facts
- Austria's older male labor force participation rate is 58.8%.
- The number of men aged 55-64 outside the labor force has risen by 12% in the past decade.
- Policies to encourage later-life employment are a priority for the Austrian government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of Austrian men aged 55 to 64 who are not actively employed or seeking work, providing insights into labor force participation patterns among older workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding workforce dynamics and assessing policies aimed at encouraging later-life employment as populations age.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by Austria's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts use this metric to examine workforce participation trends and develop policies to support the economic engagement of older adults.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be slight delays in the most recent figures becoming available.
Related Trends
Sales: Retail Trade: Total Retail Trade: Volume for Austria
AUTSLRTTO01GYSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Austria
AUTCP040400IXOBM
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Austria
LFWA24TTATQ647N
Infra-Annual Labor Statistics: Employment Female: From 25 to 54 Years for Austria
LFEM25FEATQ647S
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Austria
LFUN74MAATA647S
Consumer Price Index: Harmonized Prices: All Items: Total for Austria
CPHPTT01ATM657N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Austria (LFIN55MAATA647N), retrieved from FRED.