Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Slovak Republic
LREM55MASKQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.40
Year-over-Year Change
4.83%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the employment rate for Slovak Republic males aged 55 to 64 years. It provides insights into labor market participation and aging workforce dynamics.
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 employment rate for older male workers is a key indicator of labor force engagement and economic well-being. This data series tracks employment levels within a crucial demographic segment, informing workforce and retirement policy discussions.
Methodology
The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Historical Context
Policymakers and economists use this trend to analyze labor market conditions and the economic integration of older workers.
Key Facts
- Slovak Republic's employment rate for males aged 55-64 is 62.7% as of 2021.
- Employment for this age group has increased by 7.5 percentage points since 2010.
- The rate remains below the OECD average of 68.4% for older male workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for males aged 55 to 64 years in the Slovak Republic. It provides insights into labor force participation and workforce dynamics within this demographic segment.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for older male workers is a key indicator of labor market conditions and the economic integration of an aging population. This data informs workforce and retirement policy discussions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze labor market conditions and the economic participation of older workers, which is crucial for informing workforce and retirement policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-3 month delay from the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Slovak Republic (LREM55MASKQ156N), retrieved from FRED.