Activity Rate: Aged 55-64: Males for the European Union
LRAC55MAEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.03
Year-over-Year Change
23.50%
Date Range
1/1/2005 - 1/1/2019
Summary
The activity rate for males aged 55-64 in the European Union measures the proportion of this demographic group that is economically active, either employed or actively seeking work. This metric is a key indicator of labor force participation and workforce trends.
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 activity rate represents the proportion of the total population within a specific age group and gender that is part of the labor force, either employed or unemployed but actively seeking work. This metric is useful for policymakers and economists to analyze labor market dynamics and workforce participation.
Methodology
The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This activity rate trend is closely monitored by labor economists and policymakers to assess employment, retirement, and demographic shifts in the EU workforce.
Key Facts
- The activity rate for EU males aged 55-64 was 68.3% in 2021.
- The activity rate for this group has increased steadily over the past two decades.
- Variations in the 55-64 male activity rate reflect policy changes and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of males aged 55-64 in the European Union who are economically active, either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The 55-64 male activity rate is an important indicator of labor force participation, workforce trends, and demographic shifts in the EU economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This activity rate trend is closely monitored by labor economists and policymakers to assess employment, retirement, and demographic shifts in the EU workforce.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay and may be subject to revisions by Eurostat.
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Citation
U.S. Federal Reserve, Activity Rate: Aged 55-64: Males for the European Union (LRAC55MAEUA156N), retrieved from FRED.