Unemployment Level - Bachelor's Degree and Higher, 55 to 64 years
CGRAU5564 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355.00
Year-over-Year Change
32.46%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment levels for individuals with bachelor's degrees or higher aged 55-64. Offers insights into late-career employment challenges.
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
Measures jobless rates for highly educated older workers. Reflects workforce transitions and retirement preparedness.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used to understand employment dynamics for experienced professionals near retirement.
Key Facts
- Indicates late-career employment challenges
- Reflects workforce experience and adaptability
- Important for understanding retirement transitions
FAQs
Q: Why track unemployment for this age group?
A: Reveals employment challenges and workforce participation for experienced professionals.
Q: How does education impact employment at this age?
A: Higher education often correlates with more stable employment opportunities.
Q: What economic factors affect this rate?
A: Technology changes, industry shifts, and economic cycles significantly impact employment.
Q: Are these workers more vulnerable to unemployment?
A: Can face unique challenges like technological disruption and age discrimination.
Q: How frequently is this data updated?
A: Monthly updates through the Current Population Survey by BLS.
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Citation
U.S. Federal Reserve, Unemployment Level - Bachelor's Degree and Higher, 55 to 64 years (CGRAU5564), retrieved from FRED.