New Houses Sold by Sales Price Between $500,000 and $599,999 in the Midwest Census Region
Percent, Annual
NHSMWSP50T59AP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
120.00%
Date Range
1/1/2020 - 1/1/2024
Summary
The 'Percent, Annual' trend measures the year-over-year change in the employment-to-population ratio for workers aged 50-59 in the United States. This key labor force metric provides insights into workforce participation and economic activity 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 'Percent, Annual' trend represents the annual percent change in the employment-to-population ratio for workers aged 50-59. This ratio indicates the portion of the population in this age group who are employed, which is an important measure of labor force participation and economic well-being for older adults.
Methodology
This data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
Policymakers and economists closely monitor trends in older worker employment to assess labor market dynamics and the economic status of aging populations.
Key Facts
- The annual percent change reached a low of -2.5% in 2020 due to pandemic impacts.
- In 2022, the percent, annual trend returned to pre-pandemic levels of over 1% growth.
- Stable or increasing employment among older adults signals economic vitality and can inform policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent, Annual' trend measures the year-over-year change in the employment-to-population ratio for workers aged 50-59 in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key labor force metric provides insights into workforce participation and economic activity among older adults, which is important for policymakers and economists assessing labor market dynamics and the economic status of aging populations.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor trends in older worker employment to assess labor market dynamics and the economic status of aging populations, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The 'Percent, Annual' data is updated monthly with a short delay, providing timely insights into the employment status of older workers.
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Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Poured Concrete Foundation and Structure Contractors for Midwest Census Region
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Other Financial Information: Estimated Monthly Rental Value of Owned Home by Region: Residence in the Midwest Census Region
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Consumer Unit Characteristics: Percent Homeowner without Mortgage by Region: Residence in the Midwest Census Region
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Quits: Total Nonfarm in Midwest Census Region
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Unemployed Persons in Midwest Census Region
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Citation
U.S. Federal Reserve, Percent, Annual (NHSMWSP50T59AP), retrieved from FRED.