Active Population: Aged 15-64: Females for the European Union
Annual, Not Seasonally Adjusted
LFAC64FEEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,212,150.00
Year-over-Year Change
6.84%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the U.S. civilian noninstitutional population aged 64 and over. It provides valuable insights into workforce participation among older Americans.
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 labor force participation rate represents the share of the civilian noninstitutional population that is either employed or actively seeking work. This data series focuses specifically on the 64 and over age group, offering insights into retirement, disability, and workforce trends for older adults.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This trend is closely watched by policymakers, economists, and workforce analysts to understand the evolving dynamics of aging and labor force attachment.
Key Facts
- The labor force participation rate for Americans aged 64 and over was 19.3% in 2022.
- The 64 and over age group has seen a steady increase in workforce participation over the past two decades.
- Factors like improved health, financial necessity, and policy changes have contributed to rising older adult labor force attachment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the U.S. civilian noninstitutional population aged 64 and over.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into workforce participation among older Americans, which is closely watched by policymakers, economists, and workforce analysts to understand the evolving dynamics of aging and labor force attachment.
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 used by policymakers, economists, and workforce analysts to understand the evolving dynamics of aging and labor force attachment, which can inform policies related to retirement, disability, and workforce participation.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of about two to three weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64FEEUA647S), retrieved from FRED.