Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Canada
LFIN25TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,868,583.00
Year-over-Year Change
-3.00%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 25 to 54 years old who are outside the Canadian labor force. It provides insight into labor market participation and utilization.
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 'Persons Outside the Labor Force Total: From 25 to 54 Years for Canada' metric tracks individuals in the prime working age demographic who are not employed or actively seeking work. This helps economists and policymakers assess labor market dynamics and the utilization of the working-age population.
Methodology
The data is collected through Statistics Canada's monthly Labor Force Survey.
Historical Context
This trend is used to inform labor market and economic policies in Canada.
Key Facts
- The data is reported on a monthly basis.
- This metric excludes individuals in institutional settings or the military.
- Trends in this data can signal changes in labor market engagement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of Canadians aged 25 to 54 who are not part of the labor force, meaning they are neither employed nor actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the utilization of the prime working-age population and can signal shifts in labor market participation, which is important for economic analysis and policy decisions.
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: Trends in persons outside the labor force are used by policymakers and economists to assess labor market dynamics and inform policies related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays, providing timely information on labor force participation.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Canada (LFIN25TTCAA647S), retrieved from FRED.