Monthly, Not Seasonally Adjusted
LRHU24TTG7M156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-8.47%
Date Range
1/1/1995 - 9/1/2017
Summary
This economic trend measures the monthly, not seasonally adjusted unemployment rate for adults aged 55 and older in the United States. It provides important insights into the labor force participation and job market engagement of older 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
The monthly, not seasonally adjusted unemployment rate for adults aged 55 and older is a key economic indicator used to analyze the employment dynamics of the older segment of the U.S. labor force. This data series offers a detailed view of labor market trends and challenges facing older workers.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This unemployment rate trend is widely referenced by policymakers, economists, and labor market analysts to inform economic and workforce development strategies.
Key Facts
- The unemployment rate for adults aged 55 and older was 2.6% in April 2023.
- Older workers have lower unemployment rates compared to younger age groups.
- The COVID-19 pandemic significantly impacted unemployment among older adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted unemployment rate for adults aged 55 and older in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor force participation and employment dynamics of older workers, which is crucial for informing economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is widely referenced by policymakers, economists, and labor market analysts to inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRHU24TTG7M156N), retrieved from FRED.