Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for OECD
OECDLRUN55MASTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.77
Year-over-Year Change
-11.98%
Date Range
7/1/2010 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for OECD measures the unemployment rate among men aged 55 to 64 in OECD countries. This metric is a key indicator of labor market participation and economic well-being for older workers.
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 economic trend tracks the unemployment rate for a specific demographic group within the working-age population. Monitoring unemployment levels among older men provides insights into labor force dynamics, retirement trends, and the economic security of this cohort.
Methodology
The data is collected through household and labor force surveys conducted by national statistical agencies and compiled by the OECD.
Historical Context
This unemployment rate is used by policymakers, labor economists, and market analysts to assess labor market conditions and the economic challenges facing older workers.
Key Facts
- The average unemployment rate for men aged 55-64 in OECD countries is around 5%.
- Older workers often face unique challenges, such as age discrimination and skill obsolescence.
- Unemployment among older men can contribute to early retirement and financial insecurity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate specifically for men aged 55 to 64 in OECD countries. It provides insights into labor market participation and economic security for older workers.
Q: Why is this trend relevant for users or analysts?
A: Monitoring unemployment among older workers is important for understanding labor force dynamics, retirement trends, and the economic challenges facing an aging population.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by national statistical agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: This unemployment rate is used by policymakers, labor economists, and market analysts to assess labor market conditions and develop policies to support older workers.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for delays in reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for OECD (OECDLRUN55MASTQ), retrieved from FRED.