Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7
G7LFAC55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,383,420.00
Year-over-Year Change
3.95%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7' measures the size of the labor force between the ages of 55 and 64 across the G7 countries. This data is crucial for economists and policymakers to understand employment and retirement trends in major industrialized economies.
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 series tracks the total labor force participation of individuals aged 55 to 64 years old in the G7 countries, which include the United States, Japan, Germany, United Kingdom, France, Italy, and Canada. It provides insights into the economic activity and workforce dynamics of this important demographic group as they approach retirement age.
Methodology
The data is collected through national labor force surveys in each G7 country and aggregated by the OECD.
Historical Context
Policymakers use this data to assess the labor market impacts of aging populations and develop policies to support older workers and manage the transition to retirement.
Key Facts
- The G7 countries account for over 30% of global GDP.
- The labor force participation rate for ages 55-64 ranges from 50% to 70% across the G7.
- Older worker employment trends vary significantly by country and gender.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force participation of individuals aged 55 to 64 years old across the G7 countries, providing insights into employment dynamics for this demographic group.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to understand the labor market impacts of aging populations and develop policies to support older workers and manage the transition to retirement.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys in each G7 country and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers use this data to assess the labor market impacts of aging populations and develop policies to support older workers and manage the transition to retirement.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in national-level data collection and aggregation.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for G7
G7NAEXKP02GYSAQ
Balance of Payments: Direct Investment: Liabilities (or Net Incurrence of Liabilities) for G7
G7B6FADI03CXCUQ
Balance of Payments: Goods: Expenditure for G7
G7B6DBTD01CXCUQ
Infra-Annual Labor Statistics: Labor Force Female: 15 Years or over for G7
G7LFACTTFEGPSAQ
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for G7
G7LFEM55TTSTSAQ
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for G7
G7LREM24MASTSAQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for G7 (G7LFAC55TTSTSAQ), retrieved from FRED.