Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7
G7LFAC55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,504,800.00
Year-over-Year Change
4.06%
Date Range
4/1/2003 - 1/1/2025
Summary
This economic trend measures the total labor force participation rate for individuals aged 55 to 64 years across the G7 countries. It provides insights into workforce dynamics and aging trends within major developed economies.
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 G7 Labor Force Aged 55-64 Total series tracks the percentage of the working-age population in this demographic cohort who are employed or actively seeking work. This metric is a key indicator of labor market conditions and can inform policies related to retirement, skills development, and labor supply.
Methodology
The data is collected through national labor force surveys and aggregated by the OECD.
Historical Context
Policymakers and economists analyze this trend to understand workforce participation and plan for the economic impacts of population aging.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Labor force participation rates for the 55-64 age group have been increasing in recent decades.
- Trends in this demographic can impact economic growth, social security systems, and skills shortages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force participation rate for individuals aged 55 to 64 years across the G7 countries, providing insights into workforce dynamics and aging trends.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and can inform policies related to retirement, skills development, and labor supply within major developed economies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand workforce participation and plan for the economic impacts of population aging.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential for delays in reporting across the G7 countries.
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 25 to 54 Years for G7
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7 (G7LFAC55TTSTQ), retrieved from FRED.