Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
Quarterly, Seasonally Adjusted
LRUNTTTTCAQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.93
Year-over-Year Change
34.19%
Date Range
1/1/1955 - 4/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the U.S. civilian labor force participation rate on a quarterly basis. This key economic indicator provides insight into the supply of available workers in the economy.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population aged 16 and over that is working or actively seeking employment. This metric is widely used by economists and policymakers to analyze labor market dynamics and inform economic policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Historical Context
The labor force participation rate is a critical input for assessing the overall health and potential of the U.S. economy.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are typically lower for older workers and higher for prime-age adults.
- Labor force participation is an important factor in economic productivity and potential GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of the civilian non-institutional population aged 16 and over that is working 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 available supply of workers in the economy, providing insights into labor market dynamics and the potential for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by economists and policymakers to assess the overall health of the labor market and inform decisions on economic policies and interventions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is released by the Federal Reserve with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUNTTTTCAQ156S), retrieved from FRED.