Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Japan
Annual, Not Seasonally Adjusted
LFUN64TTJPA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,602,500.00
Year-over-Year Change
-40.90%
Date Range
1/1/1968 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend represents the total labor force participation rate for the United States population aged 64 and over. It is a key indicator of labor force trends 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 labor force participation rate measures the percentage of the civilian non-institutional population that is either employed or actively seeking employment. This particular series focuses on the participation rate for Americans aged 64 and older, providing insights into labor market dynamics and economic engagement among the elderly population.
Methodology
The data is collected through the U.S. Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to understand labor force trends and assess the economic factors influencing retirement and workforce participation decisions among older adults.
Key Facts
- The annual labor force participation rate for Americans aged 64 and over was 19.6% in 2022.
- The participation rate for this age group has steadily increased over the past two decades.
- Factors like improved health, financial needs, and changes in retirement policies have influenced the rising labor force participation among older adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the U.S. population aged 64 and over, representing the percentage of this age group that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor market dynamics and economic engagement among older adults, which is valuable for policymakers, economists, and businesses seeking to understand retirement and workforce participation trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. 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 economic factors influencing retirement and workforce participation decisions among older adults, which can inform policies related to retirement, healthcare, and labor market dynamics.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly, with a slight delay, by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN64TTJPA647N), retrieved from FRED.