Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LFIN55FECAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980,291.70
Year-over-Year Change
1.40%
Date Range
1/1/1976 - 1/1/2024
Summary
This trend measures the annual civilian labor force participation rate for the U.S. finance and insurance sector. It provides insights into workforce participation in a key industry.
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 annual, not seasonally adjusted civilian labor force participation rate tracks the share of the working-age population that is employed or actively seeking work in the finance and insurance sector. This metric helps economists and policymakers understand labor market dynamics in this important economic segment.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Labor force participation is a critical indicator for assessing the health and growth of the finance and insurance industry.
Key Facts
- Finance and insurance account for about 6% of U.S. GDP.
- The sector employs over 6 million workers nationwide.
- Labor force participation in finance has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual civilian labor force participation rate for the U.S. finance and insurance sector.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation in the finance and insurance industry is a key indicator of workforce dynamics and labor market health in this critical economic sector.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess labor market conditions and labor force participation in the finance and insurance industry, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, so there may be delays in reflecting the most current labor force participation trends in the finance sector.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN55FECAA647N), retrieved from FRED.