Unemployment Rate - 50-54 Yrs.
LNU04024937 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
3.57%
Date Range
1/1/1981 - 7/1/2025
Summary
The unemployment rate for workers aged 50-54 years measures job market engagement for mid-career professionals. It provides crucial insights into workforce dynamics for this specific age group.
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 tracks the percentage of 50-54 year old workers seeking employment but currently unemployed. It helps analyze mid-career labor market challenges.
Methodology
Data collected monthly through the Bureau of Labor Statistics Current Population Survey.
Historical Context
Used by economists and policymakers to understand mid-career workforce trends.
Key Facts
- Reflects employment challenges for mid-career workers
- Indicates potential skills gap or market restructuring
- Sensitive to economic transformation and industry changes
FAQs
Q: Why track unemployment for 50-54 year olds?
A: Provides insights into mid-career workforce challenges and potential age-related employment barriers.
Q: How does this age group's unemployment differ from others?
A: Often experiences unique challenges like technological shifts and career transition difficulties.
Q: What factors impact this unemployment rate?
A: Technology changes, industry restructuring, and skill relevance significantly influence this group.
Q: How can workers in this age group improve employability?
A: Continuous skill development and adaptability are crucial for maintaining market competitiveness.
Q: How frequently is this data updated?
A: Monthly updates through the Bureau of Labor Statistics Current Population Survey.
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Citation
U.S. Federal Reserve, Unemployment Rate - 50-54 Yrs. (LNU04024937), retrieved from FRED.