Infra-Annual Labor Statistics: Inactivity Rate Female: From 55 to 64 Years for Hungary
Annual, Not Seasonally Adjusted
LRIN55FEHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.08
Year-over-Year Change
-46.46%
Date Range
1/1/1999 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures labor force participation for individuals aged 55 and over in the United States. It provides insights into workforce dynamics and retirement patterns among older adults.
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 tracks the percentage of the population aged 55 and above who are actively employed or seeking work. This metric is closely watched by economists and policymakers to understand trends in labor supply, retirement behavior, and the economic engagement of older workers.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate for older adults is a key indicator used to inform economic and social policies related to retirement, workforce development, and population aging.
Key Facts
- The U.S. labor force participation rate for those aged 55 and over was 38.4% in 2022.
- Participation rates have increased over the past two decades as more older adults remain in the workforce.
- Factors like health, education, and financial security influence labor force participation among older Americans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for individuals aged 55 and over in the United States. It tracks the percentage of older adults who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate for older adults is an important indicator of workforce dynamics, retirement patterns, and the economic engagement of the aging population. It informs policies and programs related to employment, retirement, and population aging.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate for older adults is used by economists, policymakers, and institutions to understand trends in labor supply, workforce development, and the economic implications of population aging.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions or limitations in survey coverage or response rates.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN55FEHUA156N), retrieved from FRED.