Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Portugal
Quarterly, Not Seasonally Adjusted
LFAC55MAPTQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
541,500.00
Year-over-Year Change
5.47%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the quarterly, not seasonally adjusted unemployment rate for persons aged 55 and over in the United States. It provides insights into the employment status of older workers, which is crucial for policymakers and labor market analysts.
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
The Quarterly, Not Seasonally Adjusted unemployment rate for persons aged 55 and over is an important indicator of the economic well-being and labor force participation of older adults. It helps analyze trends in the employment and job-seeking activities of this demographic group.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This trend is widely used by economists, policymakers, and labor market researchers to assess the labor force dynamics and employment challenges faced by older workers.
Key Facts
- The unemployment rate for persons aged 55 and over was 3.0% in Q1 2023.
- The unemployment rate for this group has remained below the national average in recent years.
- Older workers often face unique challenges in finding and retaining employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted unemployment rate for persons aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the employment status and labor force participation of older workers, which is crucial for policymakers and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and labor market researchers to assess the labor force dynamics and employment challenges faced by older workers.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some lag in availability compared to the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC55MAPTQ647N), retrieved from FRED.