Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Hungary
Annual, Not Seasonally Adjusted
LFAC64MAHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,536,350.00
Year-over-Year Change
10.73%
Date Range
1/1/1999 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the labor force participation rate for men aged 64 and over in the United States. It is a key indicator of labor market trends and workforce dynamics 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 labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This metric provides insight into the size and composition of the U.S. labor force over time.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Economists and policymakers use this trend to analyze labor market participation and retirement patterns among older Americans.
Key Facts
- The labor force participation rate for men aged 64 and over was 23.4% in 2022.
- Participation rates for older men have declined significantly since the 1950s.
- Declining participation reflects socioeconomic trends like earlier retirement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for men aged 64 and over in the United States. It represents the percentage of the civilian noninstitutional population in this age group that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics and retirement patterns among older workers, which are crucial for economists and policymakers analyzing workforce participation and labor force composition over time.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor labor force participation and retirement trends among older Americans, which informs workforce and retirement policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a relatively short delay, making it a timely indicator of labor market trends among older workers.
Related Trends
International Trade: Imports: Value (Goods): Total for Hungary
XTIMVA01HUA188S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Hungary
HUNCPHP0400IXOBM
International Trade: Net Trade: Value (Goods): Total for Hungary
HUNXTNTVA01STSAQ
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Hungary
HUNFCBODCNUM
Constant GDP per capita for Hungary
NYGDPPCAPKDHUN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary
HUNCP010000GYM
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64MAHUA647N), retrieved from FRED.