Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for Portugal
Annual, Seasonally Adjusted
LFWA55FEPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
798,825.00
Year-over-Year Change
14.81%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted employment rate for persons aged 55 and over in the United States. It 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, seasonally adjusted employment rate for persons aged 55 and over provides insight into the labor market engagement of the older population. It is used by economists and policymakers to analyze workforce trends, retirement patterns, and the economic status of aging Americans.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey and adjusted for seasonal variations.
Historical Context
This trend informs discussions around labor force participation, retirement policy, and the economic well-being of older adults.
Key Facts
- The employment rate for persons aged 55 and over reached a record high of 40.3% in 2019.
- The COVID-19 pandemic caused a sharp decline in the 55 and over employment rate, which fell to 34.5% in 2020.
- Trends in the 55 and over employment rate are closely watched for insights into labor force dynamics and retirement patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted employment rate for persons aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: The 55 and over employment rate provides important insights into labor force participation, retirement patterns, and the economic status of older adults, which are key concerns for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: This trend informs discussions around labor force participation, retirement policy, and the economic well-being of older adults.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA55FEPTA647S), retrieved from FRED.