Infra-Annual Labor Statistics: Unemployment Rate Male: 15 Years or over for Austria
LRUNTTMAATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.55
Year-over-Year Change
12.61%
Date Range
1/1/1969 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: 15 Years or over for Austria measures the percentage of the male population aged 15 and above who are actively seeking employment but unable to find work in Austria.
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 unemployment rate metric is a key indicator of labor market conditions and economic health. It is widely used by policymakers, economists, and analysts to assess the strength of the Austrian economy and labor force.
Methodology
The data is collected through household surveys conducted by Statistics Austria.
Historical Context
The unemployment rate is a critical input for economic forecasting, monetary policy decisions, and evaluating the efficacy of government initiatives.
Key Facts
- Austria's male unemployment rate averaged 4.1% from 2015-2020.
- The rate peaked at 5.3% in 2020 due to the COVID-19 pandemic.
- Unemployment among Austrian men is consistently lower than the overall national rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for men aged 15 and over in Austria. It indicates the percentage of the male labor force that is actively seeking but unable to find employment.
Q: Why is this trend relevant for users or analysts?
A: The male unemployment rate is a crucial indicator of labor market dynamics and overall economic health in Austria. It provides insights into the employment challenges facing working-age men, which is valuable for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Austria, the country's national statistical agency.
Q: How is this trend used in economic policy?
A: The male unemployment rate is closely monitored by the Austrian government and the European Central Bank. It informs policy decisions related to employment, social welfare, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay. There may be minor revisions to historical figures as new information becomes available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: 15 Years or over for Austria (LRUNTTMAATA156S), retrieved from FRED.