Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LFAC64TTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,010,110.00
Year-over-Year Change
15.27%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the total civilian population in the United States. It provides insight into the size and composition of the domestic 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 is a key indicator of economic activity and labor market conditions. It represents the percentage of the civilian non-institutional population aged 16 and over that is working or actively seeking employment.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess labor market trends and evaluate the health of the overall economy.
Key Facts
- The annual, not seasonally adjusted labor force participation rate was 62.8% in 2021.
- The rate has declined from a peak of 67.1% in 2000.
- Participation rates vary by demographic factors such as age, gender, and education level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the total civilian population in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic activity and labor market conditions, providing insight into the size and composition of the domestic workforce.
Q: How is this data collected or calculated?
A: The data is collected through the 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 analysts use this metric to assess labor market trends and evaluate the health of the overall economy.
Q: Are there update delays or limitations?
A: The data is published monthly, with a one-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTCAA647N), retrieved from FRED.