Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for G7
G7LFIN55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,583,670.00
Year-over-Year Change
-6.47%
Date Range
4/1/2003 - 1/1/2025
Summary
The 'Persons Outside the Labor Force Total: From 55 to 64 Years for G7' measures the number of individuals aged 55 to 64 who are not actively participating in the labor force across the G7 countries. This key metric provides insights into labor market trends and aging populations.
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 population aged 55 to 64 years who are not employed or actively seeking work in the G7 countries, which include the United States, Canada, the United Kingdom, France, Germany, Italy, and Japan. The data is useful for economists and policymakers to analyze labor force participation and understand workforce dynamics.
Methodology
The data is collected through labor force surveys conducted by the statistical agencies of the G7 nations.
Historical Context
This metric is important for informing economic and social policies related to aging populations, retirement, and labor market participation.
Key Facts
- The G7 countries have an aging population, with individuals aged 55-64 comprising a significant portion of the overall population.
- Labor force participation rates tend to decline as people approach retirement age.
- Tracking the size of the population outside the labor force in this age group provides insights for policymakers and economists.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals aged 55 to 64 years who are not participating in the labor force across the G7 countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market dynamics and the economic implications of aging populations in the G7 countries.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the statistical agencies of the G7 nations.
Q: How is this trend used in economic policy?
A: This trend informs policies related to aging populations, retirement, and labor market participation, which are crucial for economic and social planning.
Q: Are there update delays or limitations?
A: The data is reported on an intra-annual basis, so there may be some delays in the most recent figures being available.
Related Trends
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Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for G7
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for G7
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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 G7 (G7LFIN55TTSTQ), retrieved from FRED.