Working Age Population: Aged 55-64: All Persons for the Euro Area (19 Countries)
Annual, Not Seasonally Adjusted
LFWA55TTEZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,064,700.00
Year-over-Year Change
22.00%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the population aged 55 and over in the United States. It provides insights into labor market trends and the aging workforce.
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 is a key economic indicator that represents the percentage of the civilian population aged 55 and over who are either employed or actively seeking work. This metric is important for understanding labor market dynamics and the economic engagement of older workers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Policymakers and economists use this data to analyze labor force trends and implications for the aging population.
Key Facts
- The U.S. labor force participation rate for those aged 55 and over was 38.3% in 2022.
- The participation rate for this age group has increased significantly over the past two decades.
- Older workers are an important part of the U.S. labor force, contributing to economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation 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 labor market trends and the economic engagement of older workers, which is important for understanding the aging workforce and its implications.
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: Policymakers and economists use this data to analyze labor force trends and implications for the aging population.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA55TTEZA647N), retrieved from FRED.