Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Ireland
Quarterly, Not Seasonally Adjusted
LFWA64TTIEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,581,100.00
Year-over-Year Change
6.31%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the labor force participation rate in the U.S. for people aged 64 and over. It provides important insights into labor market dynamics 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 represents the percentage of the civilian non-institutional population aged 64 and older who are either employed or actively seeking work. This data helps economists and policymakers understand workforce participation trends among older Americans.
Methodology
The data is collected through the U.S. Current Population Survey conducted by the Census Bureau.
Historical Context
The labor force participation rate for older Americans is a key economic indicator used to inform employment, retirement, and social policies.
Key Facts
- The U.S. labor force participation rate for ages 64 and over was 19.3% in 2022.
- Participation rates have risen steadily over the past two decades as more older Americans remain in the workforce.
- Factors like improved health, policy changes, and economic necessity have contributed to higher elderly labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for Americans aged 64 and older, representing the percentage who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The elderly labor force participation rate provides important insights into workforce dynamics and the aging of the U.S. population, which is crucial for informing employment, retirement, and social policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: The elderly labor force participation rate is a key indicator used by economists, policymakers, and institutions to understand labor market conditions and inform policies related to employment, retirement, and the aging population.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFWA64TTIEQ647N), retrieved from FRED.