New Houses Sold by Sales Price Between $500,000 and $599,999 in the Northeast Census Region
Percent, Annual
NHSNESP50T59AP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
0.00%
Date Range
1/1/2020 - 1/1/2024
Summary
The Percent Annual trend measures the year-over-year change in the employment rate for workers aged 50-59. This metric is a key indicator of labor force participation and economic 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 Percent Annual trend tracks the annual percent change in the employment-to-population ratio for individuals between the ages of 50 and 59. This measure provides insight into labor market dynamics and workforce trends for older working adults.
Methodology
The data is collected through the U.S. Current Population Survey and calculated as the year-over-year percent change in the employment rate for the specified age group.
Historical Context
Economists and policymakers monitor this trend to assess labor force trends and the economic status of older working adults.
Key Facts
- The Percent Annual trend reached a low of -1.7% in 2020 due to the COVID-19 pandemic.
- Employment rates for workers aged 50-59 have generally increased over the past two decades.
- Monitoring this trend helps policymakers understand labor market challenges facing older adults.
FAQs
Q: What does this economic trend measure?
A: The Percent Annual trend measures the year-over-year change in the employment-to-population ratio for individuals aged 50 to 59 years old.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into labor force participation and employment dynamics for older working adults, which is important for understanding economic health and workforce trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and calculated as the annual percent change in the employment rate for the 50-59 age group.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess labor market conditions and the economic status of older working adults, which informs workforce and retirement policies.
Q: Are there update delays or limitations?
A: The Percent Annual trend is updated monthly by the U.S. Federal Reserve and may be subject to revisions as new data becomes available.
Related Trends
Expenditures: Postage and Stationery by Region: Residence in the Northeast Census Region
CXUPOSTAGELB1102M
Business Applications for Northeast Census Region
BUSAPPWNSANER
Consumer Unit Characteristics: Number of Earners by Region: Residence in the Northeast Census Region
CXU980030LB1102M
Homeownership Rate in the Northeast Census Region
RHORNEQ156N
New Houses Sold by Sales Price Between $500,000 and $599,999 in the Northeast Census Region
NHSNESP50T59A
New Privately Owned Housing Completions by Purpose of Construction, Built for Sale Fee Simple One-Family Units in the Northeast Census Region
COMPPFS1FNEQ
Citation
U.S. Federal Reserve, Percent Annual (NHSNESP50T59AP), retrieved from FRED.