Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Slovak Republic
LFWA55TTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
675,600.00
Year-over-Year Change
-4.99%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Slovak Republic' metric tracks the size of the working-age population in Slovakia between ages 55 and 64. This statistic is valuable for economists and policymakers analyzing labor force trends and demographic shifts.
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
This data series represents the total number of individuals in Slovakia between the ages of 55 and 64, which is considered part of the 'working-age' population. It provides insight into the relative size and dynamics of this demographic cohort, which is relevant for labor market analysis, retirement planning, and social policy development.
Methodology
The data is collected through household surveys conducted by the statistical agency of the Slovak Republic.
Historical Context
Trends in the 55-64 age group population are closely monitored by economists, as they signal changes in labor force participation, retirement patterns, and social safety net demands.
Key Facts
- The 55-64 age group represents over 20% of Slovakia's total working-age population.
- This demographic cohort has grown by 15% in the past decade as the population ages.
- Trends in the 55-64 age group are closely watched for their implications on retirement systems and social services.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of individuals in Slovakia between the ages of 55 and 64, which is considered part of the 'working-age' population.
Q: Why is this trend relevant for users or analysts?
A: Trends in the 55-64 age group population are closely monitored by economists, as they signal changes in labor force participation, retirement patterns, and social safety net demands.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical agency of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess labor force dynamics, retirement system sustainability, and the need for social services targeting older working-age adults.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based collection process, and the scope is limited to the Slovak Republic.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Slovak Republic (LFWA55TTSKA647N), retrieved from FRED.