Unemployment Rate - 70-74 Yrs., Men
LNU04024939 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-46.81%
Date Range
1/1/1981 - 7/1/2025
Summary
Tracks unemployment levels for men aged 70-74, providing critical insights into senior male labor market 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 rates for older male workers, reflecting broader trends in retirement, workforce engagement, and economic opportunities.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess senior employment dynamics and economic resilience.
Key Facts
- Reflects economic participation of older male workers
- Indicates potential workforce challenges for seniors
- Helps understand retirement and employment trends
FAQs
Q: Why is unemployment rate for 70-74 year old men important?
A: Reveals economic opportunities and challenges for senior workers. Indicates workforce engagement and economic resilience.
Q: How does this unemployment rate differ from younger age groups?
A: Often reflects different employment patterns, retirement choices, and economic constraints for older workers.
Q: What factors influence unemployment for men 70-74?
A: Health, skills, retirement policies, and overall economic conditions significantly impact employment rates.
Q: How frequently is this data updated?
A: Monthly updates through the Current Population Survey provide current labor market insights.
Q: Can this data predict economic trends?
A: Offers valuable signals about workforce participation and economic adaptability for senior workers.
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Citation
U.S. Federal Reserve, Unemployment Rate - 70-74 Yrs., Men (LNU04024939), retrieved from FRED.