Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for G7
G7LREM55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.80
Year-over-Year Change
3.75%
Date Range
4/1/2003 - 1/1/2025
Summary
The employment rate for individuals aged 55 to 64 in the G7 countries provides insights into labor market trends and economic activity among older workers.
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
This indicator measures the percentage of people aged 55 to 64 who are employed in the G7 countries, which include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. It is a key metric for understanding the labor force participation and economic integration of older adults.
Methodology
The data is collected through national labor force surveys in each G7 country.
Historical Context
Policymakers and economists analyze this trend to assess the impacts of factors like retirement policies, skill development, and age discrimination on older worker employment.
Key Facts
- The G7 countries account for over 30% of global GDP.
- Employment rates for older workers vary significantly across the G7, from over 70% in Japan to under 55% in Italy.
- Increasing the employment of older adults is a policy priority in many G7 nations.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of people aged 55 to 64 who are employed in the G7 countries, providing insights into labor market trends and economic activity among older workers.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the employment rate of older workers is crucial for understanding labor force participation, the impacts of retirement policies, and the economic integration of aging populations.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys in each G7 country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the impacts of factors like retirement policies, skill development, and age discrimination on older worker employment.
Q: Are there update delays or limitations?
A: The data may be subject to survey collection and reporting delays, and can vary in consistency across the G7 countries.
Related Trends
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Balance of Payments: Direct Investment: Assets (or Net Acquisition of Assets) for G7
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for G7 (G7LREM55TTSTQ), retrieved from FRED.