Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Czechia
Annual, Seasonally Adjusted
LFWA74TTCZA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,879,975.00
Year-over-Year Change
-4.70%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the civilian labor force participation rate for the total population aged 75 and over in the United States. It is a key indicator of labor market trends and labor force dynamics 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 civilian labor force participation rate measures the proportion of the civilian noninstitutional population aged 75 and over that is either employed or actively seeking employment. This metric provides insight into the labor market engagement of older adults and can inform policy decisions related to retirement, employment, and aging.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this trend to assess the labor market participation and economic activity of the aging population.
Key Facts
- The labor force participation rate for those aged 75 and over was 8.4% in 2022.
- The participation rate for this age group has increased by over 3 percentage points since 2000.
- Older adults are remaining in the labor force for longer, driven by factors like improved health and financial needs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate for the population aged 75 and over in the United States. It represents the proportion of older adults who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market engagement and dynamics among the aging population, which is useful for policymakers, economists, and analysts studying employment, retirement, and demographic trends.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the labor market participation and economic activity of the aging population, which can inform decisions related to retirement, employment, and social programs.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of about one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA74TTCZA647S), retrieved from FRED.