Unemployment Rate - Less than a High School Diploma, 55 to 64 years, Men
LHSD5564M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
-1.82%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among older men with limited education. Provides critical insights into labor market challenges for less-educated senior male 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
This metric measures joblessness for men aged 55-64 without a high school diploma. It reflects economic vulnerability for older workers with minimal educational attainment.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess workforce development and retraining needs for older workers.
Key Facts
- Reflects economic challenges for less-educated older men
- Indicates potential need for workforce retraining
- Highlights educational barriers in employment
FAQs
Q: Why are older men with less education more likely to be unemployed?
A: Skill obsolescence and technological changes make it harder for less-educated older workers to remain competitive in the job market.
Q: How does education level impact unemployment for older workers?
A: Higher education correlates with lower unemployment rates and better job market adaptability.
Q: What resources exist for unemployed older workers?
A: Government and nonprofit retraining programs can help older workers develop new skills and find employment.
Q: How does this unemployment rate compare to other age groups?
A: Typically higher than younger, more educated workforce demographics due to skill and technology gaps.
Q: How often is this data updated?
A: Monthly updates through the Bureau of Labor Statistics' Current Population Survey.
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Citation
U.S. Federal Reserve, Unemployment Rate - Less than a High School Diploma, 55 to 64 years, Men (LHSD5564M), retrieved from FRED.