Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Austria
Quarterly, Not Seasonally Adjusted
LREM55TTATQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.30
Year-over-Year Change
5.89%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the percentage of the U.S. population ages 55 and over who are in the labor force. It provides insights into labor force participation and aging workforce dynamics.
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
The labor force participation rate for those aged 55 and over is a key indicator of economic activity and workforce trends. It tracks the share of this demographic that is employed or actively seeking work, offering valuable context for policymakers and analysts.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This metric informs discussions around labor supply, retirement patterns, and the economic impacts of an aging population.
Key Facts
- The labor force participation rate for those 55 and over was 38.3% in 2022.
- This metric has risen steadily from around 30% in the 1990s.
- Increased participation of older workers is attributed to factors like improved health and delayed retirement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the U.S. population ages 55 and over who are either employed or actively seeking work, providing insights into labor force participation among older adults.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate for those 55 and over is a key indicator of economic activity, workforce dynamics, and the impacts of an aging population. It informs discussions around labor supply, retirement patterns, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and analysts to understand labor supply, workforce trends, and the economic implications of an aging population.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM55TTATQ156N), retrieved from FRED.