Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for OECD
OECDLFEM55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113,318,100.00
Year-over-Year Change
6.01%
Date Range
1/1/2007 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for OECD' trend measures employment among individuals aged 55 to 64 in OECD countries. This data is crucial for analyzing labor market participation and retirement trends in aging societies.
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 OECD labor force statistic tracks the total number of employed individuals between the ages of 55 and 64. It provides insight into workforce participation, retirement patterns, and the economic integration of older workers across member countries.
Methodology
The data is collected through national labor force surveys in OECD member states.
Historical Context
Economists and policymakers use this trend to assess the employment and retirement dynamics of older workers, informing economic and social policies.
Key Facts
- OECD countries have an average employment rate of 60% for ages 55-64.
- Employment of older workers varies significantly across OECD nations.
- Policies to extend working lives are a key focus for aging economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment of individuals aged 55 to 64 across OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insights into labor force participation and retirement patterns among older workers, informing economic and social policies in aging societies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys in OECD member states.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the employment and retirement dynamics of older workers, informing policies aimed at extending working lives and supporting aging populations.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for country-level delays or methodological differences across OECD members.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for OECD (OECDLFEM55TTSTSAQ), retrieved from FRED.