Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for G7
G7LFUN55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,174,809.00
Year-over-Year Change
-6.93%
Date Range
1/1/2005 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for G7 trend measures the unemployment rate for individuals aged 55 to 64 in the G7 countries. This metric is crucial for understanding labor market dynamics and the economic well-being of 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 indicator tracks the unemployment rate for individuals aged 55 to 64 in the Group of Seven (G7) major advanced economies. It provides insights into the labor force participation and job market challenges faced by older workers, which is important for policymakers designing effective employment and retirement policies.
Methodology
The data is collected through national labor force surveys and harmonized by the OECD.
Historical Context
Policymakers and economists use this trend to assess the labor market conditions and economic inclusion of older workers.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Unemployment rates for older workers can indicate challenges with labor force participation and skill mismatch.
- Trends in older worker unemployment are relevant for pension, training, and anti-discrimination policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for individuals aged 55 to 64 in the G7 major advanced economies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market challenges faced by older workers, which is crucial for designing effective employment and retirement policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and harmonized by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the labor market conditions and economic inclusion of older workers.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be some delay in reporting the latest figures.
Related Trends
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G7LFEASETTSTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
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Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for G7
G7LREM64FESTSAQ
Balance of Payments: Direct Investment: Assets (or Net Acquisition of Assets) for G7
G7B6FADI02CXCUQ
Infra-Annual Labor Statistics: Labor Force Female: 15 Years or over for G7
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Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for G7
G7LFHUTTFESTQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for G7 (G7LFUN55TTSTSAQ), retrieved from FRED.