Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Canada
Annual, Seasonally Adjusted
LFAC25TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,470,460.00
Year-over-Year Change
15.43%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the total civilian labor force participation rate in the United States. This key economic indicator provides insights into the size and composition of the active workforce.
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 represents the proportion of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a crucial metric for analyzing labor market dynamics and the economic well-being of the population.
Methodology
This data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of the labor market and make informed decisions regarding employment, economic growth, and social programs.
Key Facts
- The labor force participation rate was 63.2% in June 2023.
- The rate has declined from a peak of 67.3% in early 2000.
- Participation rates vary by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total civilian labor force participation rate in the United States, which represents the proportion of the population aged 16 and over that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the health and composition of the labor market, providing insights that inform economic policymaking and analysis.
Q: How is this data collected or calculated?
A: This data is collected through the monthly Current Population 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: Policymakers and economists closely monitor the labor force participation rate to assess the overall strength of the labor market and make informed decisions regarding employment, economic growth, and social programs.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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CANPRINTO01MLM
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CPALTT01CAA657N
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CCUSMA02CAM618N
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GGNLBPCAA188N
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MAM1A3CAM189S
General Government Expense for Canada
CANGGEIGDP
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC25TTCAA647S), retrieved from FRED.