Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Canada
Annual, Not Seasonally Adjusted
LFUNTTTTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,404,208.00
Year-over-Year Change
0.37%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It is a key indicator of the size and composition of the national workforce.
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 percentage of the civilian, non-institutional population that is either employed or actively seeking work. This metric is widely used by economists and policymakers to assess labor market dynamics and the overall health of the economy.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for employment and economic analysis by government agencies, financial institutions, and academic researchers.
Key Facts
- The U.S. labor force participation rate averaged 63.4% in 2021.
- Participation rates tend to decline during economic recessions.
- Women have lower participation rates compared to men.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate, which represents the percentage of the civilian, non-institutional population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the size and composition of the national workforce, and is widely used by economists and policymakers to assess labor market dynamics and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a crucial input for employment and economic analysis by government agencies, financial institutions, and academic researchers, and is used to inform policy decisions related to the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUNTTTTCAA647N), retrieved from FRED.