Unemployment Rate - Less than a High School Diploma, 55 to 64 years
LHSD5564 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
-21.43%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among less-educated older workers aged 55-64. Provides critical insight into labor market challenges for older workers with limited education.
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
This metric measures joblessness for workers with less than high school education in the 55-64 age bracket. It reflects workforce participation and economic vulnerability.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to design workforce development and retraining programs.
Key Facts
- Reflects economic challenges for less-educated older workers
- Indicates potential need for skills retraining
- Sensitive to economic cycle fluctuations
FAQs
Q: Why is unemployment high for less-educated older workers?
A: Limited skills and technological changes reduce job market competitiveness. Older workers face more significant reemployment challenges.
Q: How does education impact unemployment rates?
A: Higher education correlates with lower unemployment and greater job market resilience across age groups.
Q: Can older workers improve their employment prospects?
A: Retraining, technology skills, and flexible work arrangements can enhance employability.
Q: How does this unemployment rate affect economic policy?
A: Informs workforce development, education, and social support program design for vulnerable worker segments.
Q: How often is this data updated?
A: Monthly updates through the Bureau of Labor Statistics Current Population Survey.
Related Trends
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Citation
U.S. Federal Reserve, Unemployment Rate - Less than a High School Diploma, 55 to 64 years (LHSD5564), retrieved from FRED.