Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for OECD
OECDLRIN55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.80
Year-over-Year Change
-6.67%
Date Range
7/1/2010 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for OECD measures the proportion of individuals aged 55 to 64 who are not actively engaged in the labor market. This key economic indicator provides insights into workforce participation and labor force trends.
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-based statistic tracks the inactivity rate among workers nearing retirement age, representing those who are not employed nor actively seeking work. Monitoring this metric helps policymakers and economists assess labor force dynamics, labor market participation, and the economic health of aging populations.
Methodology
The data is collected through household labor force surveys conducted by national statistical agencies across OECD member countries.
Historical Context
This indicator is widely used by policymakers, labor economists, and market analysts to evaluate labor market conditions and trends.
Key Facts
- OECD average inactivity rate for ages 55-64 was 35.1% in 2021.
- Inactivity rates vary significantly across OECD countries.
- Factors like health, education, and social policies impact 55-64 inactivity.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for OECD measures the proportion of individuals aged 55 to 64 who are not actively engaged in the labor market, either employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into workforce participation and labor force trends among older workers nearing retirement age, which is crucial for evaluating labor market conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by national statistical agencies across OECD member countries.
Q: How is this trend used in economic policy?
A: Policymakers, labor economists, and market analysts use this indicator to evaluate labor market conditions and trends, particularly in the context of aging populations and workforce participation.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, with some potential for delays in reporting across OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for OECD (OECDLRIN55TTSTQ), retrieved from FRED.