Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada
Persons, Annual, Not Seasonally Adjusted
LFEM55TTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,277,692.00
Year-over-Year Change
25.85%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual number of employed persons in the United States, providing insight into the overall state of the labor market.
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 total employed persons metric represents the number of individuals actively engaged in work, which is a key indicator of economic health and productivity. Economists and policymakers closely monitor this data to assess employment levels and inform decision-making.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to analyze labor force participation and employment trends across the U.S. economy.
Key Facts
- The U.S. employed 159.6 million people in 2021.
- Employment levels declined during the COVID-19 pandemic but have since recovered.
- The services sector accounts for the largest share of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual basis, providing insight into the overall state of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a key indicator of economic health and productivity, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess labor force participation and inform decisions related to employment, economic growth, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published annually with a relatively short delay, providing timely insights into the state of the U.S. labor market.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFEM55TTCAA647N), retrieved from FRED.