Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LFAC55TTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,130,761.00
Year-over-Year Change
29.24%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the civilian labor force participation rate for adults aged 55 and over in the United States. This key statistic is closely monitored by economists and policymakers to understand labor market dynamics and employment trends 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
The civilian labor force participation rate represents the percentage of the civilian noninstitutional population aged 55 and over who are employed or actively seeking work. This metric provides insight into workforce engagement and labor market attachment for older adults, which informs economic and social policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and analysts use this trend to assess employment conditions, workforce participation, and retirement patterns among the aging population.
Key Facts
- The labor force participation rate for adults aged 55 and over was 38.3% in 2022.
- Participation rates have increased over the past two decades as the population ages.
- Older workers make up a growing share of the U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the civilian labor force participation rate for adults aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into workforce engagement and labor market attachment among older adults, which informs economic and social policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess employment conditions, workforce participation, and retirement patterns among the aging population.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely insights into labor force participation trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC55TTAUA647N), retrieved from FRED.