Annual, Not Seasonally Adjusted
LFIN55TTO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,511,000.00
Year-over-Year Change
1.44%
Date Range
1/1/2005 - 1/1/2016
Summary
This economic trend measures the total employed population aged 55 and over in the United States. It provides insights into labor force participation and demographic shifts in the workforce.
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 employment series for individuals aged 55 and over offers a comprehensive view of the older working population in the U.S. economy. This metric is widely used by economists and policymakers to analyze employment trends, retirement patterns, and the evolving role of senior workers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This trend is relevant for assessing the impact of aging demographics on the labor market and informing policies related to retirement, workforce participation, and economic growth.
Key Facts
- The 55 and over employed population in the U.S. has grown from 18.4 million in 2000 to 28.3 million in 2021.
- Older workers now make up over 20% of the total U.S. labor force.
- The annual, non-seasonally adjusted employment rate for those aged 55 and over was 39.5% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employed population aged 55 and over in the United States, providing insights into labor force participation and demographic shifts in the workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze employment trends, retirement patterns, and the evolving role of senior workers in the U.S. economy.
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 trend is relevant for assessing the impact of aging demographics on the labor market and informing policies related to retirement, workforce participation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag, and it represents the non-seasonally adjusted annual employment for the 55 and over population.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN55TTO1A647S), retrieved from FRED.