Unemployed Population: Aged 55-64: Males for the European Union
LFUN55MAEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,120,033.02
Year-over-Year Change
-22.33%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the number of unemployed males aged 55-64 in the European Union. It provides insights into the labor force participation and employment status of older workers, which is crucial for policymakers addressing issues like workforce aging and retirement.
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 Unemployed Population: Aged 55-64: Males for the European Union statistic tracks the number of unemployed male individuals within that specific age group across the EU member states. This data point is used by economists and policymakers to analyze labor market dynamics and labor force participation trends among older workers.
Methodology
The data is collected through household surveys conducted by national statistical agencies and compiled by Eurostat, the statistical office of the European Union.
Historical Context
This trend is relevant for understanding labor market conditions, evaluating the effectiveness of policies targeting older workers, and informing decisions around retirement systems and labor force participation.
Key Facts
- The EU has over 24 million people aged 55-64 as of 2022.
- Unemployment rates tend to be higher among older workers compared to prime-age groups.
- Policies to promote active aging and retain older workers are a priority for many EU countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unemployed males aged 55-64 in the European Union. It provides insight into labor force participation and employment status of older workers in the EU.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding labor market dynamics, evaluating policies targeting older workers, and informing decisions around retirement systems and labor force participation.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze labor market conditions, evaluate the effectiveness of policies targeting older workers, and inform decisions around retirement systems and labor force participation.
Q: Are there update delays or limitations?
A: There may be some time lags in data reporting and publication due to the survey-based nature of the data collection process.
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Citation
U.S. Federal Reserve, Unemployed Population: Aged 55-64: Males for the European Union (LFUN55MAEUQ647S), retrieved from FRED.