Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Denmark
LRUN55TTDKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.64
Year-over-Year Change
20.81%
Date Range
1/1/1999 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Denmark tracks the unemployment rate among Danish workers aged 55 to 64. This metric is critical for policymakers assessing labor market trends and the economic well-being of older adults.
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 measures the percentage of the Danish labor force aged 55 to 64 who are unemployed. It provides granular, timely insight into the employment status of older workers, a key demographic for understanding labor participation and retirement patterns.
Methodology
The data is collected through household surveys by Statistics Denmark.
Historical Context
Policymakers and economists closely monitor this metric to gauge the labor market conditions and economic security for older Danish adults.
Key Facts
- Denmark's unemployment rate for ages 55-64 is lower than the OECD average.
- The rate has declined steadily since the global financial crisis.
- Older Danish workers have relatively high labor force participation compared to other European countries.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the unemployment rate among Danish workers aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the labor market conditions and economic security for older Danish adults, a key demographic for understanding retirement and participation patterns.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this unemployment rate to gauge labor market trends and the economic well-being of older Danish workers.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based collection method.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Denmark (LRUN55TTDKQ156S), retrieved from FRED.