Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Canada
LRUN55MACAM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.11
Year-over-Year Change
17.03%
Date Range
1/1/1995 - 7/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Canada measures the monthly unemployment rate for Canadian men aged 55 to 64. This key labor market indicator provides insights into the economic experiences of older workers.
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 series tracks the share of Canadian men aged 55 to 64 who are actively seeking work but unable to find employment. It is an important statistic for understanding the labor force participation and economic well-being of the pre-retirement population.
Methodology
The data is collected through monthly household surveys conducted by Statistics Canada.
Historical Context
Policymakers and economists monitor this trend to assess the health of the Canadian labor market and inform employment, training, and retirement policies.
Key Facts
- The unemployment rate for Canadian men aged 55-64 was 5.2% as of the latest data.
- The rate has fluctuated between 4-7% over the past decade.
- Older workers face unique challenges in the labor market, including age discrimination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Canadian men aged 55 to 64 years old. It provides insights into the labor force participation and economic experiences of older workers.
Q: Why is this trend relevant for users or analysts?
A: This statistic is important for understanding the health of the Canadian labor market and informing policies related to employment, training, and retirement for older workers.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the labor force participation and economic well-being of the pre-retirement population, and to inform policies aimed at supporting older workers.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short delay. There may be sampling or survey limitations inherent in the household survey methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Canada (LRUN55MACAM156S), retrieved from FRED.