Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Canada
LFHUTTTTCAM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,552,500.00
Year-over-Year Change
8.99%
Date Range
1/1/1955 - 6/1/2025
Summary
The 'Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Canada' series measures the total number of unemployed persons aged 15 and older in Canada on a monthly basis. This metric is a key indicator of the health and stability of the Canadian 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
This unemployment data provides an overview of the current state of the Canadian workforce, helping economists and policymakers assess employment trends and inform economic policies. The series is sourced from official government labor force surveys.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
This unemployment metric is widely used by analysts, governments, and central banks to monitor the Canadian economy and guide policy decisions.
Key Facts
- Canada's unemployment rate was 5.1% as of April 2023.
- The Canadian labor force comprises over 20 million workers.
- Unemployment data is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of unemployed persons aged 15 and older in Canada on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This unemployment data provides key insights into the health of the Canadian labor market, helping economists and policymakers assess employment trends and inform economic policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: This unemployment metric is widely used by analysts, governments, and central banks to monitor the Canadian economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Canada with minimal delay.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Canada (LFHUTTTTCAM647S), retrieved from FRED.