Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Germany
LRUN55MADEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.48
Year-over-Year Change
-56.35%
Date Range
1/1/2005 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Germany measures the monthly unemployment rate for German men aged 55 to 64. This data provides insight into the employment challenges facing older workers, which is crucial for policy discussions around labor market participation and retirement.
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 economic indicator tracks the unemployment rate specifically for German men between the ages of 55 and 64. It offers a granular view of the labor market dynamics affecting this demographic, which is important for understanding employment trends, social welfare, and economic productivity as the population ages.
Methodology
The data is collected through household labor force surveys by the German statistical agency.
Historical Context
Policymakers use this metric to evaluate the effectiveness of labor policies and social programs targeted at supporting older workers.
Key Facts
- The average unemployment rate for German men aged 55-64 was 4.3% in 2021.
- Unemployment among older German men has declined steadily since 2005.
- Germany has enacted policies to incentivize later retirement and workforce participation for older adults.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Germany tracks the monthly unemployment rate specifically for German men aged 55 to 64.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the employment challenges facing older workers in Germany, which is important for evaluating labor market policies and social programs aimed at supporting this demographic.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the German statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this unemployment rate for older German men to assess the effectiveness of labor policies and social programs targeting workforce participation and employment for this demographic.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, providing timely insights into labor market trends for older German men.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Germany (LRUN55MADEA156S), retrieved from FRED.