Unemployment to Population Rate: All Ages: All Persons for Austria
LRUPTTTTATQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.71
Year-over-Year Change
35.81%
Date Range
1/1/1999 - 7/1/2014
Summary
The Unemployment to Population Rate measures the percentage of the total working-age population that is unemployed in Austria. This key economic indicator provides insights into the overall labor market and is closely monitored by policymakers.
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
The Unemployment to Population Rate represents the number of unemployed individuals in Austria as a share of the total working-age population. This metric offers a broader perspective on labor market conditions compared to the unemployment rate alone, as it accounts for the entire potential workforce.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend is widely used by economists, government agencies, and financial institutions to assess the health of the Austrian economy and inform policy decisions.
Key Facts
- Austria's Unemployment to Population Rate was 59.7% in 2021.
- The rate has remained relatively stable over the past decade.
- Women have a lower employment-to-population ratio than men in Austria.
FAQs
Q: What does this economic trend measure?
A: The Unemployment to Population Rate measures the percentage of the working-age population in Austria that is unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of labor market conditions and the overall utilization of the working-age population, which is crucial for policymakers and economists in assessing the health of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this trend to gauge the overall state of the labor market and inform decisions related to employment, social welfare, and economic policies.
Q: Are there update delays or limitations?
A: The Unemployment to Population Rate data is typically updated on a monthly or quarterly basis, with some potential delays in publication.
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Citation
U.S. Federal Reserve, Unemployment to Population Rate: All Ages: All Persons for Austria (LRUPTTTTATQ156S), retrieved from FRED.