Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Luxembourg
Annual, Seasonally Adjusted
LFAC64MALUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180,600.00
Year-over-Year Change
32.24%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate for civilian men aged 64 and over in the United States. It provides key insights into labor market dynamics and workforce participation among older adults.
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 non-institutional population that is either employed or actively seeking employment. Tracking this metric for specific demographic groups, such as older men, helps analysts and policymakers understand changing workforce trends and labor market conditions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This indicator is widely used to assess the health of the U.S. labor market and inform economic and social policies.
Key Facts
- The U.S. labor force participation rate for men aged 64 and over was 19.3% in 2022.
- Participation rates for older men have declined over the past several decades.
- Factors like health, retirement benefits, and economic conditions influence older workers' labor force decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate for civilian men aged 64 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking the labor force participation of older adults provides key insights into workforce dynamics and informs economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, policymakers, and analysts to assess the health of the U.S. labor market and inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Bureau of Labor Statistics, with potential for minor delays or revisions.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate - Civilian, Men, Age 64 and Over, Seasonally Adjusted (LFAC64MALUA647S), retrieved from FRED.