Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Ireland
Annual, Not Seasonally Adjusted
LFAC64TTIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,757,925.00
Year-over-Year Change
26.92%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted employment-population ratio for individuals aged 64 and over in the United States. It provides insights into labor force participation among older workers.
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 not seasonally adjusted employment-population ratio tracks the proportion of the population aged 64 and older who are employed. This metric is useful for analyzing employment trends and labor force dynamics among older adults.
Methodology
The data is collected through the U.S. Current Population Survey.
Historical Context
Policymakers and economists use this trend to understand labor market conditions and workforce participation for the aging population.
Key Facts
- The annual employment-population ratio for those aged 64 and over was 19.3% in 2021.
- The ratio has increased from 12.8% in 2000, indicating rising labor force participation among older adults.
- The employment-population ratio varies by gender, with higher rates for men than women in this age group.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment-population ratio 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 employment trends among the older adult population, which is valuable for policymakers and economists analyzing workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand labor market conditions and workforce participation for the aging population, which can inform policies related to retirement, employment, and social programs.
Q: Are there update delays or limitations?
A: The data is released monthly, but the annual, not seasonally adjusted figures may have a short delay compared to the monthly updates.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTIEA647N), retrieved from FRED.