Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Estonia
LFIN55TTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,375.00
Year-over-Year Change
-45.31%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 55 to 64 years who are outside the labor force in Estonia. It provides insights into labor market participation and workforce dynamics among older adults.
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 Total: From 55 to 64 Years for Estonia indicator tracks individuals in this age group who are not actively employed or seeking work. This data is valuable for analyzing labor force trends and the economic engagement of older populations.
Methodology
The data is collected through household surveys conducted by the Estonian statistical agency.
Historical Context
This trend is used by policymakers and economists to understand labor market participation and design policies that support active aging and workforce integration.
Key Facts
- Estonia has an aging population, with 55-64 year-olds comprising a significant portion of the population.
- Labor force participation rates tend to decline for individuals in the 55-64 age group.
- This data helps track trends in older adult workforce engagement in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 55 to 64 years who are outside the labor force in Estonia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor market participation and workforce dynamics among older adults in Estonia, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to understand labor market participation and design policies that support active aging and workforce integration.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Estonia (LFIN55TTEEA647N), retrieved from FRED.