Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Canada
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEMTTTTCAQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.28
Year-over-Year Change
-117.33%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the employment-to-population ratio, which is a key indicator of labor market strength and overall economic conditions.
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 employment-to-population ratio tracks the percentage of the working-age population that is employed. The growth rate of this ratio provides insight into the pace of labor market recovery and expansion.
Methodology
This data is collected through the U.S. Current Population Survey and calculated as a percentage change from the prior quarter.
Historical Context
Policymakers and analysts closely monitor this metric to assess the health of the labor market and broader economy.
Key Facts
- The U.S. employment-to-population ratio peaked at 61.2% in early 2020 before declining sharply during the COVID-19 pandemic.
- This metric is a more comprehensive measure of labor market health than the unemployment rate alone.
- Sustained growth in the employment-to-population ratio is a sign of a strengthening economy and labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the employment-to-population ratio, which tracks the percentage of the working-age population that is employed.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of the employment-to-population ratio provides important insights into the strength and pace of labor market recovery and expansion, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Current Population Survey and calculated as a percentage change from the prior quarter.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the health of the labor market and broader economy, using it to inform decision-making and policy interventions.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Federal Reserve, with some potential for short delays in availability.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEMTTTTCAQ657N), retrieved from FRED.