Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for OECD
OECDLRUN55TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.50
Year-over-Year Change
-12.23%
Date Range
7/1/2010 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for OECD measures the percentage of the labor force aged 55 to 64 who are unemployed in OECD countries. This key labor market indicator provides insights into workforce participation and economic conditions for 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 series tracks the unemployment rate for the 55 to 64 years age group across the OECD, a group of mostly high-income economies. The data is useful for analyzing labor force trends, assessing labor market flexibility, and informing policies related to workforce aging and retirement.
Methodology
The data is collected through national labor force surveys conducted by OECD member countries.
Historical Context
Policymakers and economists use this metric to gauge the economic and social factors affecting labor force participation among older workers.
Key Facts
- The OECD average unemployment rate for ages 55-64 was 5.2% in 2021.
- Unemployment rates for older workers vary significantly across OECD countries.
- Many OECD nations have implemented policies to encourage longer working lives.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the unemployment rate for the 55 to 64 years age group across OECD countries, providing insights into labor force participation and economic conditions for older workers.
Q: Why is this trend relevant for users or analysts?
A: This data is important for analyzing labor market flexibility, workforce aging, and the effectiveness of policies aimed at extending working lives.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by OECD member countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the economic and social factors affecting labor force participation among older workers and inform related policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data reporting by individual OECD countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for OECD (OECDLRUN55TTSTSAQ), retrieved from FRED.