Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Austria
LREM64TTATQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.23
Year-over-Year Change
0.28%
Date Range
1/1/1999 - 1/1/2025
Summary
The Employment Rate Total: From 15 to 64 Years for Austria measures the percentage of the Austrian population aged 15 to 64 who are employed. This key labor market indicator provides insights into economic activity and productivity.
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 series represents the ratio of the employed population aged 15 to 64 to the total population in the same age group for Austria. It is a widely used metric for evaluating the overall health and utilization of the working-age labor force.
Methodology
The data is collected through household and labor force surveys conducted by the Austrian national statistics office.
Historical Context
This employment rate is closely monitored by policymakers, analysts, and businesses to assess the strength of the Austrian economy.
Key Facts
- The employment rate in Austria averaged 73.3% from 2000 to 2022.
- Austria has one of the highest employment rates in the European Union.
- The employment rate reached a record high of 76.2% in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Austrian population aged 15 to 64 who are employed. It is a key indicator of labor market participation and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial metric for evaluating the overall health and utilization of the working-age labor force in Austria. It provides insights into economic productivity and is closely monitored by policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Austrian national statistics office.
Q: How is this trend used in economic policy?
A: The employment rate is used by policymakers, economists, and analysts to assess the strength of the Austrian economy and inform policy decisions related to labor market, economic, and social welfare initiatives.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular schedule by the Austrian national statistics office, with a typical update delay of several weeks or months. There may be some limitations in terms of survey sample size or coverage, but the data is generally considered a reliable and comprehensive indicator of the Austrian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Austria (LREM64TTATQ156S), retrieved from FRED.