Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Canada
Quarterly, Not Seasonally Adjusted
LFIN55MACAQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
665,266.70
Year-over-Year Change
-5.79%
Date Range
1/1/1976 - 4/1/2025
Summary
This economic trend measures the labor force participation rate in the finance and insurance industry in the United States on a quarterly, not seasonally adjusted basis. It provides insights into the economic health and employment dynamics of this key sector.
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 labor force participation rate represents the proportion of the working-age population that is employed or actively seeking employment. This metric is useful for analyzing the overall strength and utilization of the labor force in the finance and insurance industry.
Methodology
The data is collected through surveys of households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the state of the finance and insurance labor market.
Key Facts
- The finance and insurance industry accounts for over 6% of U.S. GDP.
- The industry employs over 6 million workers in the United States.
- Labor force participation rates in this sector tend to be higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate in the finance and insurance industry in the United States on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and employment dynamics of the finance and insurance sector, which is a crucial part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to gauge the state of the finance and insurance labor market.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFIN55MACAQ647N), retrieved from FRED.