Quarterly, Seasonally Adjusted
LFUN55MAO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,457,000.00
Year-over-Year Change
-14.03%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, seasonally adjusted economic indicator measures the U.S. labor force participation rate for individuals aged 55 and older. It provides insight into workforce trends and aging population dynamics.
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 civilian noninstitutional population aged 55 and over who are employed or actively seeking work. This metric is used by economists and policymakers to understand labor market changes and retirement patterns.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
Trends in the older adult labor force participation rate can inform economic and social policies related to employment, retirement, and social safety net programs.
Key Facts
- The U.S. labor force participation rate for ages 55+ was 38.3% in 2022.
- Participation has risen steadily from a low of 29.3% in 1985.
- Older adults comprise over 1/3 of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the civilian population aged 55 and over who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in older adult labor force participation provide insights into workforce dynamics, retirement patterns, and the economic activity of the aging population.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: Older adult labor force participation rates inform policies related to employment, retirement, social safety net programs, and economic and demographic shifts.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief delay. Limitations include only capturing civilian, non-institutionalized population.
Related Trends
Infra-Annual Labor Statistics: Unemployment Female: From 55 to 64 Years for OECD
OECDLFUN55FESTQ
Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for OECD
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Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for OECD
OECDLRAC24MASTQ
Infra-Annual Labor Statistics: Employment Rate Male: From 25 to 54 Years for OECD
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Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for OECD
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Balance of Payments: Primary Income: Revenue for OECD
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFUN55MAO1Q647S), retrieved from FRED.