Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 64 Years for Spain
Annual, Seasonally Adjusted
LFIN64MAESA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,459,350.00
Year-over-Year Change
9.96%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate for individuals aged 64 and over. It provides insights into labor market dynamics and the economic activity 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
The annual, seasonally adjusted labor force participation rate tracks the percentage of the population aged 64 and older who are either employed or actively seeking work. This metric is used by economists and policymakers to analyze labor market trends and the economic engagement of the aging population.
Methodology
The data is collected through the U.S. Current Population Survey and seasonally adjusted.
Historical Context
This trend is relevant for understanding the labor market, retirement patterns, and economic policy implications.
Key Facts
- The labor force participation rate for those aged 64 and over was 19.1% in 2022.
- The participation rate has risen significantly over the past two decades as the population ages.
- Older adults are staying in the workforce longer due to factors like improved health, financial necessity, and changing social norms.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate for individuals aged 64 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics and the economic activity of the aging population, which is crucial for understanding retirement patterns and informing economic policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and seasonally adjusted.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor market trends and the economic engagement of the aging population, which informs policies related to retirement, workforce participation, and economic support for older adults.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN64MAESA647S), retrieved from FRED.