Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Norway
Annual, Not Seasonally Adjusted
LFAC64TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,886,000.00
Year-over-Year Change
10.25%
Date Range
1/1/2000 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted labor force participation rate for the U.S. population aged 64 and over. It provides insight into long-term trends in older adult workforce engagement.
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 tracks the percentage of the civilian noninstitutional population aged 64 and over who are employed or actively seeking work. It is a key economic indicator used to analyze labor market dynamics and retirement patterns among older adults.
Methodology
The data is collected through the U.S. Current Population Survey.
Historical Context
Policymakers and economists use this trend to inform workforce and retirement policies.
Key Facts
- The U.S. labor force participation rate for those aged 64 and over was 19.3% in 2022.
- Participation rates have gradually increased over the past two decades as more older adults remain in the workforce.
- Factors like improved health, financial needs, and policy changes have contributed to rising participation among older Americans.
FAQs
Q: What does this economic trend measure?
A: This series tracks the percentage of the U.S. population aged 64 and over who are employed or actively seeking work, providing insight into older adult labor force participation.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate for older adults is a key indicator of workforce dynamics and retirement patterns, which are important for informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze workforce participation and retirement trends among older adults, which informs policies related to employment, social security, and healthcare.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There may be revisions to historical data as sampling and estimation methods are updated.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTNOA647N), retrieved from FRED.