Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for United States
Annual, Seasonally Adjusted
LFWA55TTUSA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,221,250.00
Year-over-Year Change
7.58%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate in the United States. It is a key indicator of the size and composition of the U.S. 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 represents the percentage of the civilian noninstitutional population aged 16 and over who are either employed or actively seeking work. It is a widely-watched metric for evaluating the health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate informs economic policymaking and analysis of labor market trends.
Key Facts
- The U.S. labor force participation rate was 62.4% in January 2023.
- Participation rates vary by age, gender, and other demographic factors.
- Declining participation can signal labor shortages or economic weakness.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted labor force participation rate represents the percentage of the civilian population aged 16 and over who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market health and the utilization of the working-age population. It informs economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers, economists, and analysts to assess labor market conditions and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a short lag. There may be seasonal adjustments and revisions to historical data.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA55TTUSA647S), retrieved from FRED.