Annual, Not Seasonally Adjusted
LFWA55TTO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154,330,000.00
Year-over-Year Change
22.74%
Date Range
1/1/2005 - 1/1/2016
Summary
This annual, not seasonally adjusted data series measures the employment-population ratio for the U.S. total population aged 55 and over. It provides key insights into labor force participation trends 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 employment-population ratio represents the proportion of the civilian noninstitutional population aged 55 and over who are employed. It is a widely-used metric for analyzing labor market dynamics and workforce trends among older adults.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
Economists and policymakers monitor this trend to understand employment patterns and workforce participation of older Americans.
Key Facts
- The employment-population ratio for those aged 55 and over was 40.3% in 2022.
- The ratio has increased by over 10 percentage points since the early 2000s.
- Older Americans are staying in the workforce at higher rates than previous generations.
FAQs
Q: What does this economic trend measure?
A: This data series measures the employment-population ratio for the U.S. civilian population aged 55 and over. It shows the proportion of older adults who are employed.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the employment of older workers is crucial for understanding labor force dynamics and workforce participation trends as the population ages.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze labor market conditions and workforce participation patterns among older Americans, which informs policy decisions.
Q: Are there update delays or limitations?
A: This annual data series is published with a lag, typically a few months after the end of the reference year.
Related Trends
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for OECD
OECDLFUN24TTSTSAQ
Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for OECD
OECDLRUN25FESTQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for OECD
OECDLFWA24TTSTSAQ
Infra-Annual Labor Statistics: Employees Total for OECD
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Unit Labor Costs: Total
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Producer Prices Index: Economic Activities: Manufacturing: Domestic for OECD
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA55TTO1A647S), retrieved from FRED.