Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Israel
LRUN55MAILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.18
Year-over-Year Change
-57.33%
Date Range
1/1/1995 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Israel measures the unemployment rate of Israeli men aged 55 to 64. This metric is closely watched by economists and policymakers to understand labor market trends and the economic status of 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 data series tracks the unemployment rate for Israeli men in the 55 to 64 age group. It provides insights into labor force participation, job opportunities, and economic security for older workers, which are important considerations for employment, social, and retirement policies.
Methodology
The data is collected through household labor force surveys conducted by the Israeli Central Bureau of Statistics.
Historical Context
This unemployment rate trend is analyzed by government agencies, economists, and financial institutions to assess the broader labor market and economic conditions in Israel.
Key Facts
- The average unemployment rate for Israeli men aged 55-64 is around 4.5%.
- Unemployment tends to be lower for older workers compared to younger age groups in Israel.
- Fluctuations in this metric can signal changes in older worker participation and economic security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate specifically for Israeli men aged 55 to 64 years old. It provides insights into labor force participation and job opportunities for older workers in the country.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate metric is closely watched by economists, policymakers, and institutions to understand labor market dynamics and the economic status of older workers, which are important considerations for employment, social, and retirement policies.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this unemployment rate trend to assess broader labor market and economic conditions in Israel, which can inform policies related to employment, aging, and retirement.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual (more frequent than annual) basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Israel (LRUN55MAILA156S), retrieved from FRED.