Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LFWA64TTATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,932,125.00
Year-over-Year Change
5.54%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor force participation rate for the total population aged 64 and older in the United States. This metric is closely watched by economists and policymakers to understand labor market dynamics and plan for the aging population.
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 labor force participation rate represents the share of the population aged 64 and older who are employed or actively seeking work. It provides insights into broader economic and demographic trends impacting the senior workforce.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers use this metric to assess the economic engagement and financial security of older Americans.
Key Facts
- The U.S. labor force participation rate for ages 64 and older was 19.3% in 2022.
- Participation rates have risen over the past two decades as more seniors remain in the workforce.
- Factors like improved health, higher educational attainment, and financial need contribute to rising senior labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the U.S. population aged 64 and older.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic engagement and labor market dynamics of the aging population, which is crucial for policymakers and workforce planners.
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 use this metric to assess the financial security and labor market participation of older Americans, which informs policies related to retirement, healthcare, and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA64TTATA647N), retrieved from FRED.