Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD
OECDLFIN55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,985,320.00
Year-over-Year Change
-5.00%
Date Range
7/1/2010 - 1/1/2025
Summary
This trend measures the number of persons aged 55 to 64 years who are outside the labor force in OECD countries. It provides insights into labor market participation and retirement patterns in this key demographic.
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 series tracks various labor force participation indicators across OECD member states. This particular metric focuses on individuals aged 55 to 64 who are not employed or actively seeking work, offering a view into pre-retirement trends and older worker engagement.
Methodology
The data is collected through national labor force surveys coordinated by the OECD.
Historical Context
This trend is used by economists and policymakers to analyze workforce dynamics and inform policies related to aging populations and labor force participation.
Key Facts
- Persons aged 55-64 account for a significant portion of the non-working population in OECD countries.
- Labor force participation rates vary widely across OECD nations for this age group.
- Trends in older worker engagement are crucial for understanding economic and social challenges of aging societies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 55 to 64 years who are outside the labor force in OECD countries. It provides insights into pre-retirement labor market participation patterns.
Q: Why is this trend relevant for users or analysts?
A: Tracking labor force participation for older workers is crucial for understanding demographic shifts, retirement trends, and the economic implications of aging populations.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys coordinated by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze workforce dynamics and inform policies related to aging populations, retirement, and labor force participation.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for delays in reporting across OECD member states.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD (OECDLFIN55TTSTSAQ), retrieved from FRED.