Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LRUN64TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.45
Year-over-Year Change
-14.10%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the civilian labor force participation rate, which represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment.
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 is a key metric used by economists and policymakers to understand the overall health and dynamics of the labor market. It provides insights into workforce engagement and can inform decisions around employment, economic growth, and social policies.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other government agencies to assess labor market conditions and guide economic policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- The participation rate for men is typically higher than for women.
- Participation rates tend to decline as the population ages.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted labor force participation rate measures the percentage of the civilian non-institutional population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall health and dynamics of the labor market, providing insights into workforce engagement that can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other government agencies to assess labor market conditions and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly, with a delay of approximately one month from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTCAA156N), retrieved from FRED.