Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Sweden
LREM55TTSEQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.57
Year-over-Year Change
2.35%
Date Range
1/1/2001 - 1/1/2025
Summary
The employment rate for individuals aged 55 to 64 in Sweden is a key economic indicator that measures labor force participation and workforce utilization 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 trend represents the percentage of the Swedish population aged 55 to 64 who are actively employed. It provides insights into labor market dynamics, retirement patterns, and the economic engagement of the pre-retirement demographic.
Methodology
The data is collected through national labor force surveys conducted by Statistics Sweden.
Historical Context
The employment rate for older workers is closely monitored by policymakers and economists to assess the impacts of aging populations, labor market conditions, and policies affecting retirement and employment.
Key Facts
- The employment rate for Swedes aged 55-64 was 77.9% in 2021.
- Sweden has one of the highest employment rates for older workers among OECD countries.
- The employment rate for this age group has increased steadily in Sweden over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Swedish population aged 55 to 64 who are actively employed or self-employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for older workers is a key indicator of labor market conditions, retirement patterns, and the economic engagement of the pre-retirement demographic.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the employment rate for older workers to assess the impacts of aging populations, labor market conditions, and policies affecting retirement and employment.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Sweden (LREM55TTSEQ156S), retrieved from FRED.