Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for United States
Annual, Not Seasonally Adjusted
LFAC64TTUSA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156,466,400.00
Year-over-Year Change
6.26%
Date Range
1/1/1955 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the share of the adult population aged 64 and over who are in the labor force. This metric is crucial for understanding demographic shifts and their economic implications.
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
This trend represents the percentage of Americans aged 64 and older who are actively working or seeking employment. It provides insight into the aging workforce and retirement patterns, which have significant impacts on economic growth, social programs, and labor market dynamics.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists utilize this trend to forecast labor supply, plan for social services, and analyze workforce participation trends.
Key Facts
- The labor force participation rate for Americans aged 64 and over was 19.3% in 2021.
- The share of the elderly in the labor force has steadily increased over the past two decades.
- Older workers make up a growing portion of the U.S. workforce due to factors like increased life expectancy and delayed retirement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 64 and older who are actively working or seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the aging of the U.S. workforce and helps policymakers and economists understand the economic implications of demographic shifts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers utilize this trend to forecast labor supply, plan for social services, and analyze workforce participation patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and may be subject to revisions as the Census Bureau collects additional information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTUSA647N), retrieved from FRED.