Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LREM55TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.38
Year-over-Year Change
9.70%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' series measures the average annual U.S. labor force participation rate, a key indicator of economic activity and labor market health.
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 percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work. It is a widely-tracked metric used by policymakers and analysts to assess labor market trends and the health of the overall economy.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
The labor force participation rate is a critical input for economic forecasting and policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 63.4% in 2022.
- Participation rates are lower for certain demographic groups, such as older adults and individuals with disabilities.
- Declining participation can signal economic challenges, while rising rates may indicate a strengthening labor market.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic activity and labor market health, providing insights into workforce dynamics and trends.
Q: How is this data collected or calculated?
A: This data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a critical input for economic forecasting and policy decisions, as it reflects the overall strength and utilization of the labor market.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a brief lag, and may be subject to revisions as additional information becomes available.
Related Trends
Gross National Income for Australia
MKTGNIAUA646NWDB
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 25 to 54 Years for Australia
LRAC25TTAUM156S
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 24 Years for Australia
LRIN24TTAUQ156N
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Australia
AUSFCACNUM
Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Australia
CRDQAUAHUBIS
Consumer Price Index: Services Less Housing for Australia
AUSCPISXHQINMEI
Citation
U.S. Federal Reserve, Labor Force Participation Rate (LREM55TTAUA156S), retrieved from FRED.