Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Austria
LRHUADTTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.55
Year-over-Year Change
2.25%
Date Range
1/1/1994 - 1/1/2024
Summary
The Monthly Unemployment Rate Total: 25 Years or over for Austria is a key economic indicator that measures the unemployment rate for individuals aged 25 and older in Austria. This statistic is closely watched by economists and policymakers to assess the health of the Austrian labor market.
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 monthly unemployment rate is a crucial data point for understanding broader labor market trends in Austria. It provides insights into the employment situation for prime-working-age adults, which is an important factor in evaluating the overall economic performance and stability of the country.
Methodology
The data is collected through household surveys conducted by the Austrian government.
Historical Context
This unemployment rate is widely used by economists, policymakers, and market analysts to inform economic policy decisions and assess the impact of various economic factors on the Austrian labor market.
Key Facts
- The average monthly unemployment rate for Austrians aged 25 and over was 3.6% in 2021.
- Austria's unemployment rate for this age group has remained relatively low compared to other European countries.
- The COVID-19 pandemic led to a temporary spike in the unemployment rate, but it has since returned to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Austria measures the unemployment rate for individuals aged 25 and older in Austria.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a crucial indicator of the health of the Austrian labor market and is closely watched by economists, policymakers, and market analysts to inform economic decisions and policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian government.
Q: How is this trend used in economic policy?
A: This unemployment rate is widely used by economists, policymakers, and market analysts to assess the impact of various economic factors on the Austrian labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with minimal update delays, providing timely insights into the Austrian labor market.
Related Trends
Value of Exports to Austria from Maine
MEAUTA052SCEN
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Austria
IRSTCI01ATM156N
Net migration for Austria
SMPOPNETMAUT
Bank Lending Deposit Spread for Austria
DDEI02ATA156NWDB
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Austria
LRUN24MAATA156S
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Austria
LFEM64TTATA647S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Austria (LRHUADTTATA156N), retrieved from FRED.