Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Norway
Quarterly, Seasonally Adjusted
LFAC74TTNOQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,020,120.00
Year-over-Year Change
2.77%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the unemployment rate for adults aged 75 and over in the United States on a quarterly, seasonally adjusted basis. It provides valuable insights into the labor force participation and economic activity 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 Quarterly, Seasonally Adjusted unemployment rate for adults aged 75 and over is an important economic indicator that tracks the employment status of the oldest segment of the working population. It is used by policymakers, economists, and labor market analysts to understand trends in labor force participation and economic well-being among older Americans.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
The unemployment rate for older adults is closely monitored for its implications on retirement, healthcare, and social safety net policies.
Key Facts
- The unemployment rate for adults aged 75 and over is typically lower than the overall U.S. unemployment rate.
- Older adults have lower labor force participation rates compared to younger age groups.
- Trends in older adult unemployment can inform policies related to retirement, healthcare, and social programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for adults aged 75 and over in the United States on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate for older adults provides insights into labor force participation and economic well-being among the oldest segment of the working population, which is relevant for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Q: How is this trend used in economic policy?
A: The unemployment rate for older adults is closely monitored for its implications on retirement, healthcare, and social safety net policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis and may be subject to revisions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC74TTNOQ647S), retrieved from FRED.