Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Slovak Republic
Quarterly, Not Seasonally Adjusted
LFAC74TTSKQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,745,900.00
Year-over-Year Change
0.03%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the labor force participation rate for the civilian noninstitutional population aged 74 and over on a quarterly, not seasonally adjusted basis. It provides insights into workforce participation among older adults, which is relevant for policymakers and economists analyzing labor market dynamics.
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, not seasonally adjusted labor force participation rate for the civilian population aged 74 and over reflects the share of this demographic that is actively employed or seeking work. This metric is useful for understanding trends in older adult labor market engagement and informing policies related to retirement, workforce participation, and economic security.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Economists and policymakers use this trend to assess labor market dynamics and the economic participation of older adults.
Key Facts
- The quarterly, not seasonally adjusted labor force participation rate for the civilian population aged 74 and over was 8.2% in Q4 2022.
- The participation rate for this demographic has increased from around 5% in the early 2000s.
- Older adults' labor force participation is influenced by factors like health, financial security, and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the civilian noninstitutional population aged 74 and over on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into workforce participation among older adults, which is relevant for policymakers and economists analyzing labor market dynamics and trends in older adult economic engagement.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess labor market dynamics and the economic participation of older adults, which informs policies related to retirement, workforce participation, and economic security.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a delay of several months before the most recent information is available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC74TTSKQ647N), retrieved from FRED.