Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada
LRIN55TTCAQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.39
Year-over-Year Change
-3.65%
Date Range
1/1/1995 - 4/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada tracks the share of Canadians aged 55 to 64 who are not actively participating in the labor force. This measure provides insights into labor market trends and workforce dynamics within this age group.
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 represents the proportion of Canadians between the ages of 55 and 64 who are not employed and not actively seeking work. The inactivity rate is a valuable metric for policymakers and labor economists in assessing labor force participation and labor market health for older workers.
Methodology
The data is collected through household surveys by Statistics Canada.
Historical Context
The inactivity rate for older workers is useful in evaluating labor force trends and informing policies related to workforce participation, retirement, and workforce development.
Key Facts
- The inactivity rate for Canadians aged 55-64 was 31.9% in 2022.
- Inactivity rates tend to be higher for men than women in this age group.
- Factors like health, education, and socioeconomic status influence inactivity rates.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada measures the proportion of Canadians aged 55 to 64 who are not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This inactivity rate provides insights into labor force participation and workforce dynamics for older workers, which is useful for policymakers, labor economists, and workforce planners.
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: The inactivity rate for older workers is used to evaluate labor force trends and inform policies related to workforce participation, retirement, and workforce development.
Q: Are there update delays or limitations?
A: The data is released on an intra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada (LRIN55TTCAQ156S), retrieved from FRED.