Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Canada
Annual, Seasonally Adjusted
LFIN55MACAA647S • 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 annual, seasonally adjusted employment in the financial activities sector. It is a key indicator of the health and growth of the U.S. financial 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, Seasonally Adjusted trend tracks employment levels in the financial services, insurance, and real estate industries. It is a widely followed metric that provides insight into the overall strength and performance of the U.S. financial sector.
Methodology
The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment trend to assess the state of the financial industry and its impact on the broader economy.
Key Facts
- The financial activities sector accounts for approximately 6% of total U.S. employment.
- Financial industry employment reached a peak in 2008 before declining during the Great Recession.
- Employment in the sector has generally trended upward since the early 2010s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted employment levels in the financial activities sector, which includes industries such as finance, insurance, and real estate.
Q: Why is this trend relevant for users or analysts?
A: This employment trend provides important insights into the health and performance of the U.S. financial industry, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to assess the state of the financial industry and its impact on the broader economy, informing policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical one-month delay between the reference period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN55MACAA647S), retrieved from FRED.