Quarterly, Not Seasonally Adjusted
LFWA55MAG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,402,000.00
Year-over-Year Change
2.65%
Date Range
4/1/2003 - 4/1/2017
Summary
This series measures the labor force participation rate for men aged 55 and over on a quarterly, not seasonally adjusted basis. It provides insights into labor market dynamics and workforce participation among older adults.
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 represents the proportion of the civilian noninstitutional population aged 55 and over who are employed or actively seeking employment. This key economic indicator is used to analyze trends in workforce engagement and retirement patterns among older workers.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to understand labor market dynamics and the economic factors influencing retirement decisions.
Key Facts
- The labor force participation rate for men aged 55 and over was 69.3% in Q4 2022.
- Participation rates have remained relatively stable in recent years after declining from higher levels in the 1990s.
- Older workers account for a growing share of the U.S. labor force as the population ages.
FAQs
Q: What does this economic trend measure?
A: This series measures the labor force participation rate for men aged 55 and over on a quarterly, not seasonally adjusted basis. It represents the proportion of older adult men who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor market dynamics and workforce participation patterns among older adults, which is relevant for understanding retirement trends, labor shortages, and the economic factors influencing older workers' labor force engagement.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand labor market dynamics and the economic factors influencing retirement decisions, which can inform policies related to workforce participation, retirement, and social safety net programs.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a short delay in availability compared to some other economic indicators.
Related Trends
Sales: Retail trade: Total retail trade: Volume for G7
G7SLRTTO01GPSAM
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for G7
G7LCEAMN01IXOBSAQ
Production: Industry: Total industry: Total industry excluding construction for G7
G7PRINTO01GPSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 64 Years for G7
G7LFIN64FESTQ
Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for G7
G7LFUNTTFESTQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for G7
G7LREM24TTSTQ
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFWA55MAG7Q647N), retrieved from FRED.