Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Canada
Growth rate previous period, Quarterly, Seasonally Adjusted
LFACTTTTCAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-28.83%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the U.S. labor force, providing insights into the dynamics of the national 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 growth rate is a key indicator of economic activity and labor market health. It represents the percentage change in the total civilian labor force from the previous quarter, adjusted for seasonal variations.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the strength and direction of the U.S. labor market.
Key Facts
- The labor force growth rate averaged 0.4% per quarter in 2022.
- The metric reached a peak of 1.2% in Q2 2021 as the economy recovered from the COVID-19 pandemic.
- Positive growth in the labor force is generally associated with economic expansion and job creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in the total U.S. civilian labor force, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the strength and direction of the U.S. labor market, providing insights into economic activity and employment trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts closely monitor the labor force growth rate to assess the overall health of the economy and inform decision-making on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The labor force growth rate data is released quarterly by the Bureau of Labor Statistics, with a typical delay of about one month after the end of the reference period.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Canada
NAEXKP04CAQ189S
Balance of Payments: Goods: Revenue for Canada
CANB6CRTD01CXCUSAQ
Value of Exports to Canada from North Carolina
NCCANA052SCEN
Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada
COCANZ3221
Consumer Price Index: Education (COICOP 10): Total for Canada
CANCP100000GPM
Nominal Changes in Inventories for Canada
NINVSAXDCCAQ
Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFACTTTTCAQ657S), retrieved from FRED.