Annual
LFUN55FEO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,756,000.00
Year-over-Year Change
51.77%
Date Range
1/1/2005 - 1/1/2016
Summary
The Annual trend measures the annual unemployment rate for the population aged 55 and over in the United States. This metric is a key indicator of labor force participation and economic activity 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
The Annual trend tracks the percentage of the civilian labor force aged 55 and older who are unemployed and actively seeking work. It provides insights into employment dynamics and economic conditions for older adults, a cohort of growing importance as the U.S. population ages.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to assess the labor market engagement and economic security of older Americans.
Key Facts
- The annual unemployment rate for ages 55+ was 3.7% in 2021.
- The 55+ cohort has a lower unemployment rate than the overall labor force.
- Labor force participation among older adults has increased in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual unemployment rate for the population aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into employment dynamics and economic conditions for older adults, a cohort of growing importance as the U.S. population ages.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the labor market engagement and economic security of older Americans.
Q: Are there update delays or limitations?
A: The Annual unemployment rate data is published monthly with a brief delay.
Related Trends
Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for OECD
OECDLRIN55TTSTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD
OECDLFIN55TTSTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for OECD
OECDLFIN55MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 64 Years for OECD
OECDLFIN64FESTQ
Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for OECD
OECDLFUN55MASTQ
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for OECD
OECDLFHUADMASTSAM
Citation
U.S. Federal Reserve, Annual (LFUN55FEO1A647S), retrieved from FRED.