Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Australia
Annual, Seasonally Adjusted
LFAC64TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,190,990.00
Year-over-Year Change
22.43%
Date Range
1/1/1979 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted employment rate for individuals aged 64 and over in the United States. It provides valuable insights into labor force participation and workforce dynamics among older adults.
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, seasonally adjusted employment rate for individuals aged 64 and over is an important economic indicator that reflects the labor force participation and employment trends of older adults. It is used by economists, policymakers, and analysts to understand workforce dynamics and inform decisions related to retirement, social programs, and labor market policies.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
This trend is relevant for analyzing labor market conditions, workforce participation, and the economic well-being of older adults.
Key Facts
- The annual, seasonally adjusted employment rate for individuals aged 64 and over was 19.3% in 2022.
- The employment rate for older adults has increased significantly over the past two decades.
- The aging of the population and changes in retirement patterns have contributed to the rise in older adult employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted employment rate for individuals aged 64 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor force participation and workforce dynamics among older adults, which is important for understanding retirement patterns, social program policies, and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to inform decisions related to retirement, social programs, and labor market policies affecting older adults.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC64TTAUA647S), retrieved from FRED.