Unemployment Rate - 55-64 Yrs.
LNU04000095 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
3.45%
Date Range
1/1/1948 - 7/1/2025
Summary
Tracks unemployment specifically for workers aged 55-64, providing critical insights into labor market dynamics for mature workers. This metric reveals employment challenges for pre-retirement age populations.
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 unemployment rate for 55-64 year olds measures jobless individuals actively seeking work within this specific age demographic. It reflects labor market participation and economic opportunities for older workers.
Methodology
Bureau of Labor Statistics collects data through monthly household surveys and employment assessments.
Historical Context
Used by policymakers to understand workforce aging and employment transition challenges.
Key Facts
- Reflects economic resilience of mature workers
- Indicates potential early retirement trends
- Signals workforce skill adaptation needs
FAQs
Q: Why is unemployment rate for 55-64 year olds important?
A: It reveals economic opportunities and challenges for workers near retirement. Indicates labor market inclusivity and economic health.
Q: How does this unemployment rate differ from overall unemployment?
A: Focuses specifically on 55-64 age group, capturing unique employment dynamics for mature workers.
Q: What factors influence unemployment for this age group?
A: Technology shifts, skill obsolescence, and workplace age discrimination can impact employment rates.
Q: How do economic recessions affect this demographic?
A: Older workers often face longer job searches and more significant employment challenges during economic downturns.
Q: How frequently is this data updated?
A: Monthly updates provide current snapshot of employment trends for this age group.
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Citation
U.S. Federal Reserve, Unemployment Rate - 55-64 Yrs. (LNU04000095), retrieved from FRED.