Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Canada
LFIN55MACAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
656,541.70
Year-over-Year Change
-2.72%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the number of Canadian men aged 55 to 64 who are outside the labor force. It is an important indicator for economists and policymakers analyzing labor market participation and retirement 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
The Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Canada tracks the population of Canadian men aged 55 to 64 who are not actively employed or seeking work. This data helps researchers and analysts understand labor force dynamics and labor market attachment for older male workers.
Methodology
The data is collected through the Canadian Labor Force Survey.
Historical Context
This trend is used by economists, policymakers, and labor market analysts to monitor retirement and labor force participation patterns.
Key Facts
- The series began in 1976.
- The number of Canadian men aged 55-64 outside the labor force has increased over time.
- Labor force participation rates vary by age and gender in Canada.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Canadian men aged 55 to 64 who are not currently employed or actively seeking work, providing insight into labor force participation for older male workers.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding retirement patterns, labor market dynamics, and workforce attachment among older Canadian men.
Q: How is this data collected or calculated?
A: The data is collected through the Canadian Labor Force Survey.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts use this trend to monitor retirement trends and workforce participation, which informs policy decisions related to employment, social programs, and economic growth.
Q: Are there update delays or limitations?
A: The data is updated on a regular schedule, but there may be some delays in publication due to the nature of survey collection.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Canada (LFIN55MACAA647N), retrieved from FRED.