Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada
LFEM55TTCAA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
-70.45%
Date Range
1/1/1977 - 1/1/2023
Summary
This economic trend measures employment for individuals aged 55 to 64 in Canada. It is a key indicator of labor force participation 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
The Employment Total: From 55 to 64 Years for Canada series tracks the number of Canadians in this age group who are employed, providing insights into labor market dynamics and labor force participation. Economists and policymakers use this data to assess employment trends and labor market health.
Methodology
The data is collected through Statistics Canada's Labor Force Survey, a monthly survey of Canadian households.
Historical Context
This employment trend informs economic policy decisions and analysis of the Canadian labor market.
Key Facts
- Canada's employment rate for ages 55-64 was 64.5% in 2022.
- The 55-64 age group accounts for over 20% of Canada's total labor force.
- Employment among older Canadians has risen steadily in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment level for Canadians aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor force participation and economic activity among older workers, which informs economic policy and analysis.
Q: How is this data collected or calculated?
A: The data is collected through Statistics Canada's monthly Labor Force Survey of Canadian households.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to assess labor market dynamics and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada (LFEM55TTCAA657S), retrieved from FRED.