Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Slovak Republic
LFIN55MASKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,125.00
Year-over-Year Change
-30.97%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the number of men aged 55-64 years old who are not actively participating in the Slovak Republic's labor force. Tracking this demographic provides insight into labor market dynamics and retirement patterns.
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 Slovak Republic' series tracks the number of Slovak men aged 55-64 who are not employed or actively seeking work. This data offers a granular view of labor force participation and informs analysis of retirement, social welfare, and economic policies.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
This labor force trend is used by policymakers, economists, and market analysts to monitor employment, retirement, and demographic shifts in the Slovak Republic.
Key Facts
- Slovak men aged 55-64 not in the labor force in 2022: 195,000
- Labor force participation rate for this group in 2020: 57.9%
- Trend has increased 12% since 2015
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Slovak men aged 55-64 who are not employed or actively seeking work, providing insight into labor force participation and retirement patterns.
Q: Why is this trend relevant for users or analysts?
A: This data offers a detailed view of employment dynamics within a key demographic, informing analysis of labor markets, social policies, and economic conditions in the Slovak Republic.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this labor force trend to monitor employment, retirement, and demographic shifts in the Slovak Republic.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be delays in the most recent information becoming available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Slovak Republic (LFIN55MASKA647N), retrieved from FRED.