Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Luxembourg
Annual, Seasonally Adjusted
LFEM74MALUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.25
Year-over-Year Change
63.14%
Date Range
1/1/2004 - 1/1/2022
Summary
The 'Annual, Seasonally Adjusted' trend measures the labor force participation rate for men aged 74 and over in the United States. This metric 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 non-institutional population that is either employed or actively seeking work. Tracking this metric for specific demographic groups provides insights into labor market dynamics and potential policy implications.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Economists and policymakers monitor this trend to understand labor market participation and retirement patterns among older Americans.
Key Facts
- The labor force participation rate for men aged 74 and over was 15.3% in 2022.
- Participation rates have declined among older men over the past two decades.
- Factors like health, financial security, and policy changes can influence older adults' labor market decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for men aged 74 and over in the United States. It represents the percentage of this demographic that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Tracking labor force participation among older adults provides insights into retirement patterns, labor market dynamics, and the potential policy implications of demographic shifts.
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: Economists and policymakers monitor this trend to understand labor market participation and retirement trends among older Americans, which can inform policy decisions related to social programs, employment, and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months. Sample size limitations may affect the precision of estimates for specific demographic groups.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEM74MALUA657S), retrieved from FRED.