Infra-Annual Labor Statistics: Labor Force Male: From 15 to 74 Years for Luxembourg
Annual, Seasonally Adjusted
LFAC74MALUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182,800.00
Year-over-Year Change
32.49%
Date Range
1/1/2003 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted labor force participation rate for men aged 74 and over in the United States. It is a key economic indicator for analyzing labor market trends 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 labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking work. Tracking this metric for specific age and gender cohorts provides insights into labor market participation and retirement patterns.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor older adult labor force participation to assess the potential impact on social safety net programs, workforce availability, and economic growth.
Key Facts
- The U.S. labor force participation rate for men aged 74 and over was 8.4% in 2022.
- Participation rates for older adults have increased in recent decades as life expectancy and healthspan have improved.
- Policies that encourage or enable longer working lives can help address labor shortages and support economic growth.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted labor force participation rate for men aged 74 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking older adult labor force participation provides insights into retirement patterns, workforce dynamics, and the potential impact on social programs and economic growth.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor older adult labor force participation to assess the potential impact on social safety net programs, workforce availability, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74MALUA647S), retrieved from FRED.