Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Estonia
Annual, Not Seasonally Adjusted
LFWA74TTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,013,600.00
Year-over-Year Change
0.77%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted civilian labor force of adults aged 74 and over in the United States. It provides insights into labor market participation of older workers, which is crucial for understanding long-term economic trends and supporting effective policy decisions.
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, not seasonally adjusted civilian labor force for adults aged 74 and over represents the total number of individuals in this age group who are either employed or actively seeking work. This metric helps economists and policymakers analyze labor force dynamics and workforce participation trends among older Americans.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform economic and social policies related to aging, retirement, and workforce participation.
Key Facts
- The labor force participation rate for adults aged 74 and over was 8.4% in 2022.
- The number of adults aged 74 and over in the civilian labor force has increased by 70% since 2000.
- Older workers account for a growing share of the overall U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted civilian labor force of adults aged 74 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market participation of older workers, which is crucial for understanding long-term economic trends and supporting effective policy decisions related to aging, retirement, and workforce participation.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and social policies related to aging, retirement, and workforce participation.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be occasional delays in data availability.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA74TTEEA647N), retrieved from FRED.