Quarterly, Not Seasonally Adjusted
LFUN55MAO1Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,409,000.00
Year-over-Year Change
-14.94%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, not seasonally adjusted economic trend measures the labor force participation rate for the U.S. population aged 55 and older. It provides insights into labor market dynamics and aging 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 labor force participation rate tracks the percentage of the population aged 55 and older who are employed or actively seeking work. This metric is crucial for understanding workforce dynamics, retirement patterns, and the economic effects of an aging population.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists use this trend to analyze labor market participation, retirement decisions, and the potential economic impacts of demographic shifts.
Key Facts
- The U.S. labor force participation rate for ages 55 and older was 38.9% in 2022.
- The rate has increased by over 10 percentage points since the early 2000s.
- Older workers make up a growing share of the U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the U.S. population aged 55 and older, tracking the percentage employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding workforce dynamics, retirement patterns, and the economic effects of an aging population.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze labor market participation, retirement decisions, and the potential economic impacts of demographic shifts.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUN55MAO1Q647N), retrieved from FRED.