Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LFIN64TTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,466,454.00
Year-over-Year Change
-3.03%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for individuals aged 64 and over in the United States. It provides insights into the labor market engagement 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 annual, not seasonally adjusted labor force participation rate for those aged 64 and over is an important labor market indicator that economists and policymakers use to analyze trends in older adult employment and retirement patterns.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This metric helps inform policy decisions related to retirement, social security, and workforce participation.
Key Facts
- The annual, not seasonally adjusted labor force participation rate for those aged 64 and over was 19.3% in 2022.
- Older workers' labor force participation has increased over the past two decades.
- Trends in this metric can inform policies related to social security and retirement programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for individuals aged 64 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor market engagement of older workers, which is important for informing policies related to retirement, social security, and workforce participation.
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: Trends in this metric can help inform policy decisions related to retirement, social security, and workforce participation.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a delay of several months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN64TTAUA647N), retrieved from FRED.