Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Switzerland
LREM55TTCHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.10
Year-over-Year Change
10.08%
Date Range
1/1/2005 - 1/1/2024
Summary
The Employment Rate Total: From 55 to 64 Years for Switzerland measures the percentage of the Swiss population aged 55 to 64 who are employed. This trend provides important insights into the labor force participation and economic activity of 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 Swiss residents aged 55 to 64, offering a snapshot of labor market dynamics and economic engagement within this demographic. Policymakers and economists use this data to assess the overall health of the Swiss labor market and guide policies aimed at supporting older workers.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
Trends in the 55-64 employment rate can inform discussions around retirement policies, labor force participation, and economic productivity.
Key Facts
- The employment rate for Swiss residents aged 55-64 was 71.4% in 2021.
- Switzerland has one of the highest employment rates for older workers in Europe.
- The 55-64 employment rate in Switzerland has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Switzerland measures the percentage of the Swiss population aged 55 to 64 who are employed.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor force participation and economic activity of older workers in Switzerland, which is crucial for understanding the overall health of the Swiss labor market and informing related policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in the 55-64 employment rate can inform discussions around retirement policies, labor force participation, and economic productivity in Switzerland.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, with the latest figures available approximately 3 months after the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Switzerland (LREM55TTCHA156N), retrieved from FRED.