Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Sweden
Annual, Not Seasonally Adjusted
LREM55MASEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.93
Year-over-Year Change
5.93%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate for people aged 55 and over in the United States. Understanding unemployment dynamics among older workers is crucial for policymakers and labor market analysts.
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 unemployment rate for people aged 55 and over represents the percentage of the civilian labor force aged 55 and older who are jobless but actively seeking employment. This metric provides insight into the employment challenges and dynamics faced by older workers.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate for older workers is an important indicator for policymakers and economists analyzing labor market trends and the economic well-being of the aging population.
Key Facts
- The annual, not seasonally adjusted unemployment rate for people aged 55 and over was 3.2% in 2022.
- Older workers often face unique challenges in the labor market, such as age discrimination and skills mismatches.
- Monitoring unemployment among older adults is crucial for designing effective policies to support this demographic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate for people aged 55 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: Understanding unemployment dynamics among older workers is crucial for policymakers and labor market analysts to design effective policies and programs to support this demographic.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate for older workers is an important indicator for policymakers and economists analyzing labor market trends and the economic well-being of the aging population.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM55MASEA156N), retrieved from FRED.