Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for OECD
OECDLFAC55MASTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,358,770.00
Year-over-Year Change
4.61%
Date Range
7/1/2010 - 1/1/2025
Summary
This economic trend measures the labor force participation rate for males aged 55 to 64 in OECD countries. It provides insights into workforce dynamics and aging populations, which are crucial for policymakers and labor market analysts.
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 Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for OECD trend tracks the percentage of men aged 55 to 64 who are actively employed or seeking work across the OECD. This metric is used to monitor labor market participation and retirement patterns in developed economies.
Methodology
The data is collected through national labor force surveys and compiled by the OECD.
Historical Context
This trend is widely referenced by economists, policymakers, and workforce analysts to understand labor market trends and the impacts of aging populations.
Key Facts
- The OECD average male labor force participation rate for ages 55-64 was 69.2% in 2021.
- Male labor force participation tends to be higher in Nordic countries compared to Southern Europe.
- Trends in this statistic can inform policies related to retirement age, pension systems, and phased retirement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for males aged 55 to 64 across OECD countries. It provides insights into workforce dynamics and aging populations.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market participation and retirement patterns in developed economies, which informs policy decisions related to aging populations.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by economists, policymakers, and workforce analysts to understand labor market trends and the impacts of aging populations.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for OECD (OECDLFAC55MASTQ), retrieved from FRED.