Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD
OECDLFIN55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,253,020.00
Year-over-Year Change
-4.92%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD' trend measures the number of people aged 55 to 64 who are not actively participating in the labor force within OECD countries. This data is crucial for economists and policymakers to understand labor market 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
This economic indicator provides insights into the labor force participation of older workers across OECD countries. It helps identify shifts in retirement dynamics and can inform policies aimed at promoting active aging and labor force participation among the 55-64 age group.
Methodology
The data is collected through national labor force surveys and aggregated by the OECD.
Historical Context
This trend is used by policymakers, economists, and labor market analysts to assess the labor force participation and retirement patterns of older workers, which can inform policies related to pension systems, employment, and aging populations.
Key Facts
- The 55-64 age group accounts for a significant portion of the working-age population in OECD countries.
- Labor force participation rates vary widely across OECD countries for the 55-64 age group.
- Policies aimed at extending working lives can have a significant impact on this economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 55 to 64 who are not actively participating in the labor force within OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the labor force participation of older workers, which is crucial for understanding retirement patterns and informing policies related to aging populations and employment.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and labor market analysts to assess the labor force participation and retirement patterns of older workers, which can inform policies related to pension systems, employment, and aging populations.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be influenced by changes in national labor force survey methodologies across OECD countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD (OECDLFIN55TTSTQ), retrieved from FRED.