Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Canada
LFACTTTTCAM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,580,700.00
Year-over-Year Change
2.00%
Date Range
1/1/1956 - 7/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Canada' series measures the total labor force participation in Canada for individuals aged 15 and above. This metric is a key indicator of economic activity and workforce trends.
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 represents the total number of Canadians aged 15 and older who are either employed or actively seeking work. It is a fundamental measure of labor market conditions and is widely used by economists and policymakers to analyze the health and dynamics of the Canadian economy.
Methodology
The data is collected through Statistics Canada's monthly Labor Force Survey.
Historical Context
Policymakers and analysts closely monitor this labor force trend to inform economic and employment policies.
Key Facts
- The Canadian labor force totaled over 20 million in 2022.
- The labor force participation rate in Canada is around 65%.
- Employment levels in Canada have recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of Canadians aged 15 and older who are either employed or actively seeking work, providing a comprehensive view of the Canadian labor force.
Q: Why is this trend relevant for users or analysts?
A: The labor force total is a crucial indicator of economic activity and workforce dynamics, making it highly relevant for policymakers, economists, and market analysts assessing the health and performance of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through Statistics Canada's monthly Labor Force Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this labor force trend to inform economic and employment policies, as it provides insights into the overall strength and utilization of the Canadian workforce.
Q: Are there update delays or limitations?
A: The labor force data is published monthly, with a short delay to allow for collection and processing. While generally reliable, the survey-based nature of the data may have some limitations in capturing the full complexity of the labor market.
Related Trends
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
IRSTCB01CAM156N
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada
ODCNPI03CAA189S
5-Bank Asset Concentration for Canada
DDOI06CAA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Canada
CANCP020000GYM
Production: Manufacturing: Total Manufacturing for Canada
PRMNTO01CAA657S
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Canada
CANHOUREAQISMEI
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Canada (LFACTTTTCAM647S), retrieved from FRED.