Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Israel
Annual, Not Seasonally Adjusted
LFIN55TTILA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245,250.00
Year-over-Year Change
-1.63%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for individuals aged 55 and over in the United States. It is a key metric for understanding labor market dynamics and aging workforce trends.
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 individuals aged 55 and over is a measure of the percentage of this demographic that is employed or actively seeking work. It provides insight into workforce trends and retirement patterns among older adults.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric is closely monitored by policymakers, economists, and labor market analysts to assess the economic participation and well-being of the aging population.
Key Facts
- The annual, not seasonally adjusted labor force participation rate for individuals aged 55 and over was 38.9% in 2022.
- The participation rate for this demographic has increased over the past two decades, reflecting later retirement ages.
- Older workers account for a growing share of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This trend 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: This metric provides important insights into workforce trends and retirement patterns among older adults, which is closely monitored by policymakers, economists, and labor market analysts.
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, economists, and labor market analysts to assess the economic participation and well-being of the aging population.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN55TTILA647N), retrieved from FRED.