Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Hungary
Annual, Not Seasonally Adjusted
LFAC64TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,790,600.00
Year-over-Year Change
12.33%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted labor force participation rate for individuals aged 64 and over in the United States. It provides insights into the labor market participation of older workers, which is a key factor in understanding workforce dynamics and economic growth.
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 not seasonally adjusted labor force participation rate for those aged 64 and over is an important economic indicator that tracks the proportion of the older population that is actively engaged in the labor market. It is used by policymakers, researchers, and analysts to assess trends in retirement, workforce participation, and the overall economic activity of the aging population.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This trend is relevant for understanding the supply of older workers in the labor market and can inform policies related to retirement, workforce development, and economic growth.
Key Facts
- The labor force participation rate for those aged 64 and over has increased from around 10% in the 1960s to over 20% today.
- Older workers make up a growing share of the U.S. labor force as the population ages.
- Trends in the 64+ labor force participation rate can inform policies related to retirement, workforce development, and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual not seasonally adjusted labor force participation rate for individuals aged 64 and over in the United States. It tracks the proportion of the older population that is actively engaged in the labor market.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the supply of older workers in the labor market and can inform policies related to retirement, workforce development, and economic growth.
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: This trend is used by policymakers, researchers, and analysts to assess trends in retirement, workforce participation, and the overall economic activity of the aging population.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a delay of several months before being published.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTHUA647N), retrieved from FRED.