Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Ireland
Annual, Not Seasonally Adjusted
LREM55TTIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.08
Year-over-Year Change
38.22%
Date Range
1/1/2000 - 1/1/2024
Summary
This trend measures the annual employment rate for individuals aged 55 and older in the United States. It provides important insights into labor force participation and aging workforce dynamics.
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, not seasonally adjusted employment rate for individuals aged 55 and over is a key economic indicator tracked by policymakers and labor market analysts. It offers insights into retirement trends, skills shortages, and the evolving nature of work as the population ages.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
This trend is widely used to inform economic and social policies related to workforce participation, retirement, and supporting older workers.
Key Facts
- The annual employment rate for those aged 55 and over was 40.3% in 2022.
- The 55 and over employment rate has increased by 7.8 percentage points since 2012.
- Older workers now make up nearly a quarter of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual employment rate for individuals aged 55 and older in the United States, providing insights into labor force participation and aging workforce dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding retirement trends, skills shortages, and the evolving nature of work as the population ages, which informs economic and social policies related to workforce participation and supporting older workers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic and social policies related to workforce participation, retirement, and supporting older workers.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to revisions, but there are typically no significant delays in the release of this economic indicator.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Ireland
IRLCPHP0702IXOBM
Labor Compensation: Earnings: Manufacturing: Hourly for Ireland
LCEAMN01IEA659S
International Merchandise Trade Statistics: Exports: Commodities for Ireland
XTEXVA01IEQ664N
Producer Prices Index: Total Durable Consumer Goods for Ireland
PITGCD01IEQ661N
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Ireland
LFUN24MAIEA647N
Harmonized Index of Consumer Prices: Other Insurance for Ireland
CP1255IEM086NEST
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM55TTIEA156N), retrieved from FRED.