Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Canada
LFEAICTTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,905,850.00
Year-over-Year Change
10.72%
Date Range
1/1/1956 - 1/1/2024
Summary
This economic trend measures total employment in Canada, including the construction industry, as a representation of overall economic activity. It is a key indicator for policymakers and analysts to assess the health of the Canadian labor market and broader economy.
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: Employment: Economic Activity: Industry (Including Construction): Total for Canada tracks the number of employed individuals across all industries in Canada, including the construction sector. This provides a comprehensive view of the country's labor force and economic conditions.
Methodology
The data is collected through monthly surveys conducted by Statistics Canada.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- Canada's total employment, including construction, reached a record high in 2022.
- The construction industry accounts for over 7% of Canada's total employment.
- Employment levels are a key indicator of the overall health of the Canadian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in Canada, including the construction industry, as an indicator of overall economic activity and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is a critical indicator for policymakers, economists, and market analysts to assess the health of the Canadian economy and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers and institutions to monitor economic conditions and inform policy decisions, as well as by market analysts to guide investment strategies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around 4-6 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Canada (LFEAICTTCAA647S), retrieved from FRED.