Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Portugal
LFIN55TTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
428,550.00
Year-over-Year Change
-39.10%
Date Range
1/1/1998 - 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 Portugal. It provides insights into labor force participation and retirement patterns 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 Total: From 55 to 64 Years for Portugal' series tracks the count of individuals between 55 and 64 years old who are not employed or actively seeking work in Portugal. This metric is useful for understanding labor market dynamics and the transition to retirement.
Methodology
The data is collected through national labor force surveys conducted by the Portuguese statistical agency.
Historical Context
Policymakers and economists analyze this trend to assess employment challenges and labor force participation among older adults.
Key Facts
- Portugal has an aging population with a growing share of residents aged 55-64.
- Labor force participation declines sharply after age 55 in Portugal.
- Trends in older worker engagement are a key policy concern in many European countries.
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 Portugal. It provides insights into labor force participation and retirement patterns among older workers.
Q: Why is this trend relevant for users or analysts?
A: Tracking the size of the population aged 55-64 who are not employed or seeking work is important for understanding labor market dynamics and the transition to retirement in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess employment challenges and labor force participation among older adults in Portugal.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delays in availability compared to more frequently updated labor market indicators.
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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 Portugal (LFIN55TTPTA647S), retrieved from FRED.