Inactive Population: Aged 55-64: All Persons for the European Union
LFIN55TTEUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,870,200.00
Year-over-Year Change
-6.33%
Date Range
4/1/2000 - 10/1/2019
Summary
This economic trend measures the total number of inactive people aged 55-64 in the European Union. It provides important insights into labor force participation and retirement 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 Inactive Population: Aged 55-64: All Persons for the European Union measures the total number of individuals aged 55-64 who are not actively employed or seeking work. This data point is used by economists and policymakers to analyze labor market dynamics and the economic status of older workers.
Methodology
This data is collected through household surveys conducted by national statistical agencies across the EU.
Historical Context
Tracking this inactive population trend helps inform policies related to workforce participation, retirement, and social safety net programs.
Key Facts
- The inactive population aged 55-64 in the EU totaled over 33 million in 2021.
- Inactivity rates are higher among women than men in this age group.
- Inactive population trends are linked to pension eligibility and social welfare policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 55-64 in the European Union who are not actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: Tracking the inactive population aged 55-64 provides insights into labor force participation, retirement patterns, and the economic status of older workers, which is crucial for policymaking.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by national statistical agencies across the European Union.
Q: How is this trend used in economic policy?
A: Analyzing this inactive population trend helps inform policies related to workforce participation, retirement, and social safety net programs.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting due to the survey-based methodology, and the data may not capture all forms of economic inactivity.
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Citation
U.S. Federal Reserve, Inactive Population: Aged 55-64: All Persons for the European Union (LFIN55TTEUQ647N), retrieved from FRED.