Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for Canada
Annual, Seasonally Adjusted
LFIN24MACAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
941,616.60
Year-over-Year Change
16.62%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the annual labor force participation rate for individuals aged 55 and over in the United States. This metric is a key indicator of workforce trends and aging population 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 labor force participation rate represents the share of the civilian non-institutional population that is either employed or actively seeking employment. Monitoring participation among older workers provides insights into retirement patterns, labor market flexibility, and the economic well-being of aging populations.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists analyze this trend to assess the labor supply, retirement behaviors, and economic implications of demographic shifts.
Key Facts
- The U.S. labor force participation rate for ages 55 and over was 38.4% in 2022.
- Participation has risen steadily since the 1990s as more older adults remain in the workforce.
- Declining participation can signal workforce shortages and economic challenges for aging populations.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the share of the U.S. population aged 55 and over that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into retirement patterns, labor market flexibility, and the economic well-being of the aging U.S. population.
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: Policymakers and economists analyze this trend to assess the labor supply, retirement behaviors, and economic implications of demographic shifts.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN24MACAA647S), retrieved from FRED.