Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Spain
Annual, Not Seasonally Adjusted
LFWA74TTESA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,373,800.00
Year-over-Year Change
6.05%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the U.S. labor force participation rate for the population aged 74 and over. It provides insights into aging workforce dynamics and has implications for economic planning and policy.
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 share of the civilian non-institutional population that is either employed or actively seeking work. This particular series focuses on older Americans, offering valuable data on workforce engagement and retirement patterns.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
The participation rate for older adults is closely monitored by policymakers and economists to understand labor market trends and inform retirement, healthcare, and social welfare policies.
Key Facts
- The U.S. labor force participation rate for ages 74 and over was 10.0% in 2021.
- Participation rates have increased steadily since the 1990s as more older adults remain in the workforce.
- Factors like improved health, financial necessity, and policy changes have contributed to higher participation among the elderly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the U.S. population aged 74 and over. It represents the share of older adults who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The participation rate for older workers provides valuable insights into workforce dynamics and retirement patterns, which have important implications for economic and social policy planning.
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: Policymakers and economists closely monitor the participation rate for older adults to understand labor market trends and inform retirement, healthcare, and social welfare policies.
Q: Are there update delays or limitations?
A: The participation rate data is published monthly with no significant update delays. However, the series may be subject to sampling and methodological limitations inherent in household survey data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA74TTESA647N), retrieved from FRED.