Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada
LRIN64TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.18
Year-over-Year Change
-8.13%
Date Range
1/1/1976 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada measures the percentage of the Canadian population aged 15 to 64 who are not actively employed or seeking work. This key labor market indicator provides insights into workforce participation and economic activity.
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 data series tracks the inactivity rate, which represents individuals aged 15 to 64 who are neither employed nor actively looking for work. It is an important metric for understanding labor force dynamics and labor market slack within the Canadian economy.
Methodology
The data is collected through national labor force surveys conducted by Statistics Canada.
Historical Context
Policymakers and economists use this inactivity rate to assess the overall health and utilization of the Canadian labor force.
Key Facts
- The inactivity rate ranged from 25.3% to 27.5% in Canada between 2018-2022.
- Inactivity rates are higher for women than men in the 15-64 age group.
- Inactivity rates tend to rise during economic downturns as more workers become discouraged.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada measures the percentage of the population aged 15 to 64 who are neither employed nor actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This inactivity rate is an important indicator of labor force participation and workforce utilization, providing insights into the overall health of the Canadian labor market.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this inactivity rate to assess the overall health and utilization of the Canadian labor force, which informs decisions on employment, macroeconomic, and social policies.
Q: Are there update delays or limitations?
A: The inactivity rate data is published on an infra-annual basis, with some potential for delays in data reporting and publication.
Related Trends
International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
XTNTVA01CAM664S
Nominal External Balance of Goods and Services for Canada
NNXGSXDCCAA
Total Reserves excluding Gold for Canada
TRESEGCAM052N
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Canada
CANSACRMISMEI
Nominal Gross Capital Formation for Canada
NISAXDCCAQ
Bank Capital to Total Assets for Canada
DDSI03CAA156NWDB
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada (LRIN64TTCAA156N), retrieved from FRED.