Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada
Persons, Annual, Seasonally Adjusted
LFEM55TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,277,692.00
Year-over-Year Change
25.85%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' series measures the total civilian labor force participation rate for the U.S. population aged 55 and over. This key economic indicator provides insights into labor market trends and workforce dynamics among older workers.
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
This annual, seasonally adjusted data series tracks the total civilian labor force participation rate for Americans aged 55 and above. It is a widely-followed economic indicator that helps analysts and policymakers understand employment trends and workforce participation among older adults.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This labor force participation rate is used to assess labor market conditions and workforce trends for older Americans.
Key Facts
- The civilian labor force participation rate for ages 55 and over was 38.3% in 2022.
- Labor force participation peaks around ages 25-54 and then declines in later years.
- Policies like Social Security and retirement benefits can impact older adult labor force participation.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total civilian labor force participation rate for Americans aged 55 and above. It provides insights into employment and workforce trends among older adults.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate for older adults is a key economic indicator used to assess labor market conditions, workforce dynamics, and policy impacts on employment among Americans nearing retirement age.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: This labor force participation rate is used by economists, policymakers, and analysts to understand employment trends and workforce dynamics among older Americans, which can inform policies related to retirement, Social Security, and labor market conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM55TTCAA647S), retrieved from FRED.