Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Canada
LFUNTTTTCAM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,552,500.00
Year-over-Year Change
8.99%
Date Range
1/1/1955 - 6/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Canada measures the total number of unemployed individuals aged 15 and above in Canada. This metric provides insight into the health of the Canadian labor market and is closely monitored by economists and policymakers.
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
This economic indicator tracks the total number of Canadians aged 15 and older who are actively seeking work but unable to find employment. It is a key barometer of labor market conditions and is used to assess the overall strength of the Canadian economy.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
Policymakers and analysts use this unemployment statistic to inform economic and labor market policies.
Key Facts
- Canada's unemployment rate was 5.9% as of January 2023.
- The COVID-19 pandemic caused a sharp increase in Canadian unemployment in 2020.
- Youth (ages 15-24) have higher unemployment rates than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total number of Canadians aged 15 and older who are actively seeking work but unable to find employment.
Q: Why is this trend relevant for users or analysts?
A: The Canadian unemployment rate is a key indicator of the health of the labor market and the broader economy, making it important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment statistic to inform economic and labor market policies, such as decisions on interest rates, government spending, and employment programs.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and may be subject to revisions as more information becomes available.
Related Trends
General Government Net Lending/Borrowing for Canada
CANGGXCNLGDP
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Canada
CANCPGRGO01IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Canada
CANCP020000GYM
Life Expectancy at Birth, Total for Canada
SPDYNLE00INCAN
Sales: Retail trade: Total retail trade: Volume for Canada
CANSLRTTO01MLM
Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for Canada
LFUNTTFECAM647N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Canada (LFUNTTTTCAM647S), retrieved from FRED.