Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for OECD
OECDLRAC55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.33
Year-over-Year Change
3.61%
Date Range
7/1/2010 - 1/1/2025
Summary
The Labor Force Participation Rate for individuals aged 55 to 64 in OECD countries provides insights into labor market trends and economic activity among older workers.
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 metric tracks the percentage of the population aged 55 to 64 who are employed or actively seeking work. It is a key indicator of labor market dynamics and economic policy effectiveness in supporting active aging and mature workforce participation.
Methodology
The data is collected through national labor force surveys aggregated by the OECD.
Historical Context
Policymakers and economists use this trend to assess labor market health and the economic impacts of aging populations.
Key Facts
- The OECD average labor force participation rate for ages 55-64 was 61.4% in 2021.
- Labor force participation peaks around ages 40-54 and declines in later working years.
- Rates vary significantly by country, from over 70% in Sweden to under 50% in Italy.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Labor Force Participation Rate Total for ages 55 to 64 measures the percentage of the population in that age group who are employed or actively seeking work across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market dynamics, workforce aging, and the economic participation of older workers, which are key considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and aggregated by the OECD to provide a standardized, cross-country metric.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the effectiveness of policies aimed at supporting active aging and mature workforce participation, which are important for addressing the economic impacts of aging populations.
Q: Are there update delays or limitations?
A: The data is updated on an intra-annual basis, but may have some delays in reporting across different OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for OECD (OECDLRAC55TTSTSAQ), retrieved from FRED.