Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LFIN55TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
934,294.90
Year-over-Year Change
-0.86%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the total labor force participation rate for individuals aged 55 and over in the United States on an annual, seasonally adjusted basis. It is a key indicator of employment trends and labor market dynamics for 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 labor force participation rate measures the percentage of the civilian noninstitutional population that is employed or actively seeking work. The 55 and over rate specifically tracks labor market engagement for older adults, which is relevant for analyzing workforce trends, retirement patterns, and policy implications.
Methodology
The data is collected through the U.S. Current Population Survey and calculated as a percentage by the Bureau of Labor Statistics.
Historical Context
This metric informs economic and workforce policy decisions related to aging populations and labor market participation.
Key Facts
- The annual, seasonally adjusted labor force participation rate for adults 55 and over was 38.3% in 2022.
- Participation rates have risen steadily over the past two decades as the population ages.
- Older workers make up an increasing share of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian population aged 55 and over who are employed or actively seeking work, on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The 55 and over labor force participation rate is a key indicator of employment and workforce trends among older adults, which is increasingly important for economic and policy analysis as the population ages.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and calculated as a percentage by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions related to workforce participation, retirement patterns, and the economic integration of older adults.
Q: Are there update delays or limitations?
A: The data is published on an annual basis with a typical 1-2 month release lag.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate - 55 Years & Over, Seasonally Adjusted (LFIN55TTAUA647S), retrieved from FRED.