Quarterly, Not Seasonally Adjusted
LFWA55FEG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,019,000.00
Year-over-Year Change
2.33%
Date Range
4/1/2003 - 4/1/2017
Summary
This economic trend measures the labor force participation rate for the civilian noninstitutional population aged 55 and over in the United States. It provides important insights into labor market dynamics and the economic 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 labor force participation rate tracks the percentage of the civilian noninstitutional population aged 55 and over who are either employed or actively seeking work. This metric is a key indicator of economic activity and the evolving role of older adults in the U.S. labor force.
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 analysts use this trend to understand labor market trends and inform policies related to retirement, workforce participation, and economic growth.
Key Facts
- The U.S. labor force participation rate for those aged 55 and over was 38.3% in the fourth quarter of 2022.
- Participation rates are higher for men (44.2%) than women (33.4%) in this age group.
- The aging of the U.S. population is a key driver of changes in the 55 and over labor force participation rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the civilian noninstitutional population aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market dynamics and the evolving role of older adults in the U.S. workforce, which is crucial for understanding economic activity and informing relevant policies.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand labor market trends and inform policies related to retirement, workforce participation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFWA55FEG7Q647N), retrieved from FRED.