Infra-Annual Labor Statistics: Labor Force Male: From 15 to 74 Years for Russia
Quarterly, Seasonally Adjusted
LFAC74MARUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,631,900.00
Year-over-Year Change
-0.98%
Date Range
1/1/1999 - 10/1/2021
Summary
The 'Quarterly, Seasonally Adjusted' metric tracks the labor force participation rate for adults aged 74 and over in the United States. This measure provides insights into the economic engagement and workforce trends among older Americans.
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 reflects the proportion of the working-age population that is employed or actively seeking employment. Monitoring this statistic for older adults is crucial for understanding shifting demographics, employment patterns, and retirement trends within the U.S. economy.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Census Bureau and Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the economic activity and labor market dynamics of the aging U.S. population.
Key Facts
- The labor force participation rate for adults aged 74 and over was 8.4% in 2022.
- Participation rates have trended upward since the 1990s as more older Americans remain in the workforce.
- Factors like improved health, longer lifespans, and financial necessity contribute to higher labor force engagement among the elderly.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' metric tracks the proportion of the U.S. population aged 74 and over that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the labor force participation of older adults provides insights into shifting demographics, employment patterns, and retirement trends within the U.S. economy.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted by the U.S. Census Bureau and Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the economic activity and labor market dynamics of the aging U.S. population.
Q: Are there update delays or limitations?
A: This data is published quarterly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC74MARUQ647S), retrieved from FRED.