Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Austria
Quarterly, Not Seasonally Adjusted
LFIN55MAATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213,100.00
Year-over-Year Change
-1.57%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the quarterly, not seasonally adjusted labor force participation rate for men aged 55 and over. This metric is crucial for analyzing labor market trends and informing policymakers about the employment status of 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
The labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking employment. Tracking this metric for specific demographic groups like older men provides valuable insights into labor market dynamics and can guide workforce development initiatives.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Economists and policymakers monitor this trend to understand employment patterns and workforce participation among older Americans.
Key Facts
- The labor force participation rate for men aged 55 and over was 69.3% in Q4 2022.
- Participation rates tend to decline as workers approach retirement age.
- Tracking this metric helps identify workforce attachment and retirement patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted labor force participation rate for men aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into employment patterns and workforce attachment among older workers, which is crucial for understanding labor market dynamics and informing policy decisions.
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 monitor this trend to understand employment trends among older Americans and develop workforce development initiatives that address the unique needs of this demographic.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Bureau of Labor Statistics, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFIN55MAATQ647N), retrieved from FRED.