Active Population: Aged 55-64: All Persons for the European Union
Annual
LFAC55TTEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,692,025.00
Year-over-Year Change
55.82%
Date Range
1/1/2005 - 1/1/2019
Summary
The Annual trend measures the total employment of employees aged 55 and over in the United States. This metric is crucial for understanding labor force dynamics and workforce aging trends.
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 Annual employment trend tracks the total number of workers aged 55 and older in the U.S. labor force. This data provides insight into the aging of the workforce and is used by economists and policymakers to analyze the shifting demographic composition of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This trend is widely referenced in policy discussions around retirement, workforce participation, and economic sustainability.
Key Facts
- The number of workers aged 55 and over has more than doubled since 2000.
- Older workers now make up over 23% of the total U.S. labor force.
- Employment of those aged 65 and older has grown by 117% in the last two decades.
FAQs
Q: What does this economic trend measure?
A: The Annual trend tracks the total employment of workers aged 55 and over in the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the aging of the workforce and shifting demographic composition of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in policy discussions around retirement, workforce participation, and economic sustainability.
Q: Are there update delays or limitations?
A: The Annual employment data is published monthly with minimal delays, providing timely insights into this important labor market trend.
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Citation
U.S. Federal Reserve, Annual (LFAC55TTEUA647S), retrieved from FRED.