Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for Canada
Annual, Seasonally Adjusted
LFUN55TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176,400.00
Year-over-Year Change
-2.26%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted employment-to-population ratio for the U.S. economy. It provides a key indicator of labor force participation and employment levels.
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 employment-to-population ratio tracks the percentage of the civilian non-institutional population that is employed. This metric offers insights into the strength of the labor market and the overall health of the economy.
Methodology
The data is collected through the U.S. Current Population Survey and adjusted for seasonal variations.
Historical Context
Economists and policymakers closely monitor this ratio to assess labor market trends and inform economic policy decisions.
Key Facts
- The ratio ranged from 57.8% to 61.1% over the past decade.
- It declined during the Great Recession and has gradually recovered since.
- The ratio reflects both employment levels and population changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population that is employed, providing insights into labor force participation and employment levels.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio is a key indicator of the strength of the labor market and the overall health of the economy, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this ratio to assess labor market trends and inform economic policy decisions, such as adjustments to monetary or fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of a few weeks, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN55TTCAA647S), retrieved from FRED.