Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for OECD
Seasonally Adjusted
OECDLFAC55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,422,400.00
Year-over-Year Change
5.47%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Seasonally Adjusted' economic trend measures the labor force participation rate in the United States on a seasonally adjusted basis. It is a key indicator of labor market health and economic activity.
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 working-age population that is employed or actively seeking work. Seasonal adjustments help remove recurring fluctuations due to predictable events like holidays, allowing for more accurate analysis of underlying trends.
Methodology
The data is collected and seasonally adjusted by the OECD using established statistical methods.
Historical Context
The participation rate is closely watched by policymakers, economists, and investors to gauge the strength of the U.S. labor market.
Key Facts
- The U.S. labor force participation rate was 62.4% in June 2022.
- Participation rates tend to be higher for men than women in the U.S.
- Rates generally decline as the population ages.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' trend measures the percentage of the working-age population in the United States that is employed or actively seeking work, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and strength of the U.S. labor market, providing insight into the overall economy and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected and seasonally adjusted by the OECD using established statistical methods to account for predictable variations.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor the participation rate to assess the state of the labor market and make informed decisions about economic policy and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated monthly by the OECD, with a typical release lag of 1-2 months. Limitations may include revisions to historical data and potential issues with seasonal adjustment methods.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (OECDLFAC55TTSTSAQ), retrieved from FRED.