Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 64 Years for Ireland
Annual, Not Seasonally Adjusted
LFIN64MAIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
314,925.00
Year-over-Year Change
-6.33%
Date Range
1/1/2000 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor force participation rate for individuals aged 64 and older in the United States. It provides insight into long-term demographic and economic shifts affecting the senior labor market.
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 labor force participation rate measures the percentage of the civilian noninstitutional population that is employed or actively seeking work. This key metric helps economists and policymakers understand workforce dynamics and labor market trends over time.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Tracking changes in the senior labor force participation rate is valuable for assessing the economic and social impacts of population aging.
Key Facts
- The senior labor force participation rate has increased from 12% in 1996 to 19.7% in 2022.
- Factors like improved health, financial need, and policy changes have contributed to rising senior workforce participation.
- Trends in senior labor force engagement have broad implications for social programs, retirement planning, and economic productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for individuals aged 64 and older in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in the senior labor force participation rate provides insight into long-term demographic and economic shifts affecting the older workforce, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in senior labor force engagement have broad implications for social programs, retirement planning, and economic productivity, making this metric important for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN64MAIEA647N), retrieved from FRED.