Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Israel
Annual, Seasonally Adjusted
LFAC64TTILA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,240,575.00
Year-over-Year Change
22.22%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate for adults aged 64 and over in the United States. This metric is a key indicator of labor market dynamics and economic 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 civilian labor force participation rate represents the percentage of the civilian noninstitutional population aged 64 and over who are either employed or actively seeking work. This trend provides insights into workforce engagement and labor supply for the aging population.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau for the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this labor force participation metric to assess workforce trends and labor market conditions for older adults.
Key Facts
- The civilian labor force participation rate for adults aged 64 and over was 19.4% in 2022.
- Participation rates have increased over the past two decades as more older adults remain in the workforce.
- The aging of the baby boomer generation has impacted overall labor force participation trends.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate for adults aged 64 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into workforce engagement and labor supply among the aging population, which is crucial for understanding labor market dynamics and economic participation.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau for the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this labor force participation metric to assess workforce trends and labor market conditions for older adults, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC64TTILA647S), retrieved from FRED.