Quarterly, Seasonally Adjusted
LFAC64MAG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191,641,000.00
Year-over-Year Change
1.22%
Date Range
1/1/2005 - 4/1/2017
Summary
This economic indicator measures the quarterly, seasonally adjusted labor force participation rate for adults aged 64 and older in the United States. It provides insights into labor market trends and workforce dynamics 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 is the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This metric helps economists and policymakers assess the size and composition of the available workforce.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Historical Context
Trends in the labor force participation rate for older adults are closely monitored by economists and policymakers to understand the impact of demographic shifts and policy changes on the labor market.
Key Facts
- The labor force participation rate for adults aged 64 and older was 19.6% in 2022.
- The participation rate for this age group has trended upward over the past two decades.
- Factors like health, retirement policies, and economic conditions influence labor force participation among older Americans.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly, seasonally adjusted labor force participation rate for adults aged 64 and older in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in the labor force participation rate for older adults provide insights into workforce dynamics and can inform economic and social policies related to retirement, healthcare, and employment.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to understand the impact of demographic shifts and policy changes on the labor market.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Federal Reserve, with a typical delay of several weeks.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for G7
G7LFIN24MASTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for G7
G7LRHU24MASTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for G7
G7CPGRLE01IXOBM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for G7
G7LRHU24FESTM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for G7
G7LRHUTTMASTM
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for G7
G7LREMTTFESTQ
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC64MAG7Q647S), retrieved from FRED.