Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for Canada
LFUN25TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
776,300.00
Year-over-Year Change
-0.73%
Date Range
1/1/1976 - 1/1/2024
Summary
This trend measures the total unemployment rate for Canadians aged 25 to 54 years old. Tracking this demographic-specific unemployment statistic is crucial for understanding the health and dynamics of the Canadian labor market.
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: Unemployment Total: From 25 to 54 Years for Canada provides monthly data on the percentage of the Canadian population aged 25 to 54 who are unemployed. This key employment indicator helps economists and policymakers assess the broader economic conditions and inform policy decisions.
Methodology
The data is collected through Statistics Canada's monthly Labor Force Survey.
Historical Context
This unemployment rate is a key input for monetary and fiscal policies aimed at promoting full employment in Canada.
Key Facts
- Canada's unemployment rate for 25-54 year olds was 5.1% in January 2023.
- This demographic accounts for over 50% of Canada's total labor force.
- Unemployment in this age group is a leading indicator of overall economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for Canadians aged 25 to 54 years old, providing a detailed look at labor market conditions for this key demographic.
Q: Why is this trend relevant for users or analysts?
A: Tracking unemployment in the prime working-age population is crucial for understanding the broader health of the Canadian economy and labor market.
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: This unemployment rate is a key input for monetary and fiscal policies aimed at promoting full employment in Canada.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into Canada's labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for Canada (LFUN25TTCAA647S), retrieved from FRED.