Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Japan
LRUN55TTJPQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-15.85%
Date Range
1/1/1970 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Japan measures the unemployment rate for Japanese workers aged 55 to 64. This key labor market indicator provides insights into the economic well-being and labor force participation of older adults in Japan.
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 data series tracks the percentage of the Japanese labor force aged 55 to 64 who are unemployed. It offers a more granular view of the country's overall unemployment rate and can inform policies aimed at supporting older workers and managing the economic impacts of population aging.
Methodology
The data is collected through national labor force surveys conducted by the Japanese government.
Historical Context
Policymakers and economists analyze this metric to assess labor market dynamics and develop strategies for promoting active aging and productive employment in Japan.
Key Facts
- Japan's 55-64 unemployment rate was 2.7% in 2021.
- Unemployment is generally lower for older workers in Japan compared to other OECD countries.
- The labor force participation rate for Japanese aged 55-64 was 71.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the unemployment rate for Japanese workers aged 55 to 64, providing insights into the labor market participation and economic status of older adults in Japan.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market dynamics and informing policies to support active aging and productive employment in Japan as the population continues to age.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Japanese government.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to develop strategies for promoting employment and economic security for older workers in Japan.
Q: Are there update delays or limitations?
A: The data is published regularly by the Japanese government, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Japan (LRUN55TTJPQ156S), retrieved from FRED.