Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Denmark
Annual, Seasonally Adjusted
LFWATTTTDKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,030,475.00
Year-over-Year Change
9.28%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate in Austria. It is a key indicator of the overall strength and utilization of the labor market.
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 labor force participation rate represents the percentage of the working-age population that is employed or actively seeking employment. It is a critical metric for economists and policymakers to understand the underlying dynamics of the labor market.
Methodology
This data is collected through nationally representative household surveys by Statistics Austria.
Historical Context
The labor force participation rate is closely watched by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The annual labor force participation rate in Austria averaged 71.7% from 2000 to 2022.
- Austria's participation rate is higher than the Eurozone average of 67.7%.
- The participation rate declined during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate in Austria, which represents the percentage of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall strength and utilization of the labor market, which is crucial for understanding economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through nationally representative household surveys conducted by Statistics Austria.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions that impact the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data due to the time required for data collection and processing by the statistical agency.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWATTTTDKA647S), retrieved from FRED.