Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Canada
LFAC64TTCAM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,385,400.00
Year-over-Year Change
1.83%
Date Range
1/1/1976 - 7/1/2025
Summary
This economic trend measures the total labor force in Canada for individuals aged 15 to 64 years. It provides valuable insights into the size and composition of the Canadian workforce, which is crucial for economic policymaking and labor market analysis.
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 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Canada' trend represents the total number of individuals aged 15 to 64 who are either employed or actively seeking employment in the Canadian labor market. This data is widely used by economists, policymakers, and labor market analysts to understand workforce dynamics and support economic decision-making.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
This trend is closely monitored by the Bank of Canada and other government agencies to inform monetary and fiscal policies aimed at promoting employment and economic growth.
Key Facts
- The labor force in Canada aged 15-64 is over 22 million.
- The participation rate for this age group is around 79%.
- Employment in this cohort has grown by 5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Canada for individuals aged 15 to 64 years, including both employed and actively job-seeking individuals.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the size and composition of the Canadian workforce, which is essential for economic policymaking, labor market analysis, and understanding workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Bank of Canada and other government agencies to inform monetary and fiscal policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with minimal delays, and is considered a reliable source for analyzing the Canadian labor force.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Canada (LFAC64TTCAM647S), retrieved from FRED.