Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Austria
LRIN55TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.90
Year-over-Year Change
-31.53%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Austria measures the percentage of the Austrian population aged 55 to 64 who are not actively employed or seeking work. This metric provides insight into labor force participation and retirement trends 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 indicator tracks the portion of Austrians aged 55 to 64 who are considered economically inactive, meaning they are neither employed nor actively looking for a job. It is a valuable statistic for evaluating labor market dynamics and policy implications as populations age.
Methodology
The data is collected through national labor force surveys conducted by the Austrian government.
Historical Context
Policymakers and economists use this metric to assess labor market health, workforce participation, and the socioeconomic factors influencing retirement decisions.
Key Facts
- The inactivity rate for Austrians aged 55-64 was 36.8% in 2022.
- Austria's inactivity rate for this age group is lower than the OECD average.
- Inactivity rates tend to be higher for women than men in this cohort.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Austria measures the percentage of the population aged 55 to 64 who are not actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor force participation and retirement trends among older workers, which is valuable for evaluating labor market dynamics and policy implications as populations age.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Austrian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess labor market health, workforce participation, and the socioeconomic factors influencing retirement decisions.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, meaning it may have update delays compared to monthly or quarterly labor statistics.
Related Trends
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
LMUNRRTTATM156S
Bank Lending Deposit Spread for Austria
DDEI02ATA156NWDB
Infra-Annual Labor Statistics: Unemployment Female: From 25 to 54 Years for Austria
LFUN25FEATA647N
Gross Domestic Product Per Capita for Austria
PCAGDPATA646NWDB
International Merchandise Trade Statistics: Exports: Commodities for Austria
XTEXVA01ATQ667S
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Austria
AUTPROMANAISMEI
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Austria (LRIN55TTATA156N), retrieved from FRED.