Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Australia
Monthly, Seasonally Adjusted
LFUN55MAAUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,527.35
Year-over-Year Change
9.38%
Date Range
2/1/1978 - 6/1/2025
Summary
The 'Monthly, Seasonally Adjusted' series measures the unemployment rate among individuals ages 55 and older in the United States. This metric is crucial for policymakers and economists to assess the labor force participation and economic wellbeing of 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
This economic indicator tracks the monthly unemployment rate for Americans aged 55 and above. It is a key statistic used to analyze employment trends and evaluate the economic impacts on older segments of the workforce.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this unemployment rate to inform decisions and forecasts related to retirement, social safety net programs, and economic conditions for older adults.
Key Facts
- The unemployment rate for workers aged 55+ was 3.0% in January 2023.
- Older workers account for over 1 in 5 individuals in the U.S. labor force.
- The 55+ unemployment rate is typically lower than the overall national rate.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly unemployment rate for Americans aged 55 and older, providing insight into the employment status of the older segment of the U.S. workforce.
Q: Why is this trend relevant for users or analysts?
A: The 55+ unemployment rate is an important indicator for policymakers, economists, and analysts to assess the economic wellbeing and labor force participation of older workers, which informs decisions related to retirement, social programs, and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment rate to inform decisions and forecasts related to retirement, social safety net programs, and economic conditions for older adults.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LFUN55MAAUM647S), retrieved from FRED.