Inactive Population: Aged 55-64: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFIN55TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,068,550.00
Year-over-Year Change
-19.08%
Date Range
1/1/2005 - 1/1/2019
Summary
This series measures the annual, not seasonally adjusted labor force participation rate for individuals aged 55 and over in the United States. It provides insights into workforce trends and aging demographics.
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 share of the civilian population aged 55 and over who are either employed or actively seeking work. This metric is closely watched by economists and policymakers to understand labor market dynamics and the evolving role of older workers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
The participation rate for older workers is a key indicator for evaluating the impact of economic, social, and policy changes on the labor force.
Key Facts
- The labor force participation rate for those aged 55 and over was 38.4% in 2022.
- Participation rates have increased significantly over the past two decades as the population ages.
- Trends in older worker participation are influenced by factors like health, retirement policies, and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted labor force participation rate for individuals aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: The participation rate for older workers is a key indicator for evaluating the impact of economic, social, and policy changes on the labor force and understanding workforce trends.
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: This metric is closely watched by economists and policymakers to understand labor market dynamics and the evolving role of older workers.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN55TTEUA647N), retrieved from FRED.