Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Portugal
Annual, Not Seasonally Adjusted
LFAC74TTPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,434,500.00
Year-over-Year Change
8.09%
Date Range
1/1/1998 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the labor force participation rate for individuals aged 75 and over in the United States. It is a key indicator of economic activity and workforce trends 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 noninstitutional population aged 75 and over who are either employed or actively seeking work. This data provides insights into employment patterns and economic engagement of the elderly population.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Policymakers and economists closely monitor this trend to understand workforce dynamics and plan for the economic needs of an aging population.
Key Facts
- The annual labor force participation rate for ages 75+ was 10.4% in 2021.
- Participation rates have gradually increased over the past two decades.
- Elderly workforce engagement can impact economic growth and social programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for individuals aged 75 and over in the United States. It represents the percentage of the elderly civilian population who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into employment patterns and economic engagement of the aging population, which is crucial for policymakers and economists to understand workforce dynamics and plan for the future.
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: Policymakers and economists closely monitor this trend to understand workforce dynamics and plan for the economic needs of an aging population.
Q: Are there update delays or limitations?
A: The data is published annually with a typical release schedule, but there may be occasional delays or revisions due to survey methodologies.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC74TTPTA647N), retrieved from FRED.