Unemployment Rate - 70 Yrs. & over, Men
LNU04000204 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-9.76%
Date Range
6/1/1976 - 7/1/2025
Summary
Tracks unemployment among men aged 70 and older, providing critical insights into senior labor market participation and economic challenges for elderly workers.
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 rates for senior male workers, reflecting broader trends in retirement, employment opportunities, and economic resilience for older populations.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess senior workforce engagement and economic security programs.
Key Facts
- Reflects economic opportunities for senior male workers
- Indicates potential financial pressures on older populations
- Helps assess retirement and employment trends
FAQs
Q: Why is unemployment rate important for seniors?
A: Reveals economic challenges and workforce participation for older workers. Indicates potential financial vulnerability.
Q: How does this unemployment rate differ from younger demographics?
A: Senior unemployment often reflects different economic pressures and workforce barriers compared to younger workers.
Q: What factors influence unemployment for men over 70?
A: Health, skills obsolescence, retirement policies, and economic conditions significantly impact senior employment.
Q: How frequently is this data updated?
A: Monthly updates provide current snapshot of senior male employment trends.
Q: Can seniors easily re-enter workforce?
A: Re-entry challenges vary by industry, skills, and individual economic circumstances.
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Citation
U.S. Federal Reserve, Unemployment Rate - 70 Yrs. & over, Men (LNU04000204), retrieved from FRED.