Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Japan
Annual, Seasonally Adjusted
LFAC74TTJPA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,062,500.00
Year-over-Year Change
4.27%
Date Range
1/1/1978 - 1/1/2024
Summary
This economic trend measures the seasonally adjusted annual unemployment rate for adults aged 65 and over in the United States. It provides important insights into the labor force participation and economic wellbeing of 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 annual, seasonally adjusted unemployment rate for adults 65 and over is a key indicator of the economic conditions and job market experiences of the aging population. Policymakers and researchers analyze this data to understand employment trends and develop policies to support older workers.
Methodology
The data is collected through the U.S. Current Population Survey and seasonally adjusted by the Bureau of Labor Statistics.
Historical Context
This unemployment rate trend is used by economists, policymakers, and financial analysts to assess the labor market and economic conditions for older adults.
Key Facts
- The annual unemployment rate for adults 65+ has averaged around 3% in recent years.
- Older workers have lower unemployment rates than younger workers overall.
- Participation in the labor force has increased among adults 65 and over in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted annual unemployment rate for adults aged 65 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate for older adults provides insights into the labor force participation and economic wellbeing of the aging population, which is crucial information for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and seasonally adjusted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is used by economists, policymakers, and financial analysts to assess the labor market and economic conditions for older adults, which informs policies and programs to support this demographic.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTJPA647S), retrieved from FRED.