Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Canada
Annual, Seasonally Adjusted
LFAC64TTCAA647S • 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 series measures the annual, seasonally adjusted capacity utilization rate for total industry in the United States. It is a key indicator of economic activity and industrial productivity.
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
Capacity utilization tracks the extent to which industry is using its full productive capacity. Economists and policymakers monitor this metric to assess inflationary pressures, capital investment needs, and the overall business cycle.
Methodology
Data is collected through surveys of industrial facilities and calculated as a percentage of total potential output.
Historical Context
Capacity utilization data informs Federal Reserve monetary policy and is closely watched by financial markets.
Key Facts
- Capacity utilization averaged 79.8% in 2022.
- The series reached a record high of 89.4% in 1967.
- Capacity utilization dropped to 63.4% during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This series measures the capacity utilization rate for total industry in the United States on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Capacity utilization is a key indicator of economic activity and industrial productivity that informs monetary policy and is closely watched by financial markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as a percentage of total potential output.
Q: How is this trend used in economic policy?
A: Capacity utilization data informs Federal Reserve monetary policy decisions and is closely monitored by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC64TTCAA647S), retrieved from FRED.