Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Ireland
LREM55MAIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.53
Year-over-Year Change
36.20%
Date Range
1/1/2000 - 1/1/2024
Summary
The Employment Rate Male: From 55 to 64 Years for Ireland measures the percentage of men aged 55-64 who are employed in Ireland. This metric is important for analyzing labor market dynamics and informing policymakers on employment trends 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
This indicator tracks the employment rate for Irish men between the ages of 55 and 64. It provides insights into labor force participation and labor market engagement for this demographic, which is crucial for evaluating workforce trends and designing effective employment policies.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
This metric is closely monitored by economists, policymakers, and labor market analysts to assess the employment status of older workers and inform decisions on retirement, training, and labor policies.
Key Facts
- The employment rate for Irish men aged 55-64 was 59.7% in 2020.
- Ireland's employment rate for older men has increased by 10 percentage points since 2010.
- Employment of older workers is a key policy focus for addressing labor shortages and population aging.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of men aged 55-64 who are employed in Ireland. It provides insights into labor force participation and engagement for this demographic.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating workforce trends and designing effective employment policies, particularly in the context of population aging and labor shortages.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and labor market analysts to assess the employment status of older workers and inform decisions on retirement, training, and labor policies.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Ireland (LREM55MAIEA156N), retrieved from FRED.