Unemployment Level - 55 Yrs. & over
LNU03024230 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,198.00
Year-over-Year Change
-5.97%
Date Range
1/1/1948 - 7/1/2025
Summary
Tracks unemployment levels for workers aged 55 and older. Critical for understanding senior workforce participation and economic challenges.
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 jobless individuals 55 years and older who are actively seeking employment. It reflects labor market engagement for older workers.
Methodology
Data collected through monthly Current Population Survey by the Bureau of Labor Statistics.
Historical Context
Used by policymakers and researchers to assess senior employment challenges.
Key Facts
- Reflects challenges for older workers in job market
- Indicates potential early retirement trends
- Helps understand workforce demographic shifts
FAQs
Q: How is unemployment for older workers measured?
A: Through monthly surveys tracking jobless workers 55 and older seeking employment.
Q: Why track unemployment for older workers?
A: Reveals economic challenges and workforce participation for senior populations.
Q: How often is this data updated?
A: Monthly updates provide current snapshot of senior employment trends.
Q: What affects unemployment for older workers?
A: Technology shifts, skill relevance, and economic conditions impact senior employment.
Q: Can this data predict economic trends?
A: Indicates workforce adaptation and potential early retirement patterns in economic cycles.
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Citation
U.S. Federal Reserve, Unemployment Level - 55 Yrs. & over (LNU03024230), retrieved from FRED.