Annual
LFAC64TTG7A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355,834,000.00
Year-over-Year Change
3.56%
Date Range
1/1/2005 - 1/1/2016
Summary
The Annual trend measures the annual labor force participation rate for the civilian non-institutional population aged 64 and over in the United States. This key economic indicator provides insights into labor market participation and retirement 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 Annual labor force participation rate represents the percentage of the civilian non-institutional population aged 64 and over who are either employed or actively seeking work. This metric is widely used by economists and policymakers to analyze workforce dynamics and retirement patterns among the aging population.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Changes in the Annual labor force participation rate can inform policy decisions related to social security, retirement, and workforce development programs.
Key Facts
- The Annual labor force participation rate was 19.3% in 2022.
- The rate has declined from a high of 22.0% in 2000.
- Participation is higher among men than women in the 64 and over age group.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the labor force participation rate for the civilian non-institutional population aged 64 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market participation and retirement trends among older workers, which is important for informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Annual labor force participation rate can inform policy decisions related to social security, retirement, and workforce development programs.
Q: Are there update delays or limitations?
A: The Annual labor force participation rate data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Annual (LFAC64TTG7A647S), retrieved from FRED.