Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 74 Years for Finland
Annual, Not Seasonally Adjusted
LREM74MAFIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.30
Year-over-Year Change
2.96%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for males aged 75 and over in the United States. It provides insights into the labor market engagement of older workers, which is relevant for policymakers assessing workforce trends and retirement patterns.
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 males aged 75 and older, offering a window into the labor market attachment of the oldest segment of the working-age population.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey, a monthly household survey.
Historical Context
This trend is used by economists and policymakers to analyze the evolving dynamics of older workers' labor force participation, which can inform retirement, healthcare, and workforce development policies.
Key Facts
- The labor force participation rate for males aged 75 and over was 8.4% in 2022.
- Participation rates for older workers have increased in recent decades as life expectancy has risen.
- Policies that encourage or facilitate continued work among the elderly can help address labor shortages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for males aged 75 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor market engagement of older workers, which is relevant for policymakers assessing workforce trends and retirement patterns.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey, a monthly household survey.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the evolving dynamics of older workers' labor force participation, which can inform retirement, healthcare, and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM74MAFIA156N), retrieved from FRED.