Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Canada
LFIN25TTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,868,583.00
Year-over-Year Change
-3.00%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the total number of Canadians aged 25 to 54 who are outside the labor force. It provides insights into labor market participation and workforce dynamics.
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 'Persons Outside the Labor Force Total: From 25 to 54 Years for Canada' metric tracks individuals within this prime working-age demographic who are not actively employed or seeking employment. This data point is used by economists and policymakers to analyze labor force trends and inform workforce development strategies.
Methodology
The data is collected through the Canadian Labor Force Survey, a monthly household survey.
Historical Context
This metric helps inform labor market and economic policies in Canada.
Key Facts
- Canadians aged 25-54 make up over 40% of the total population.
- Labor force participation for this age group exceeds 80% on average.
- The number of people outside the labor force in this age group has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of Canadians aged 25 to 54 who are outside the labor force, meaning they are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market participation and workforce dynamics, which are important for informing economic and labor policies.
Q: How is this data collected or calculated?
A: The data is collected through the Canadian Labor Force Survey, a monthly household survey.
Q: How is this trend used in economic policy?
A: This metric helps inform labor market and economic policies in Canada, such as workforce development strategies.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Canada (LFIN25TTCAA647N), retrieved from FRED.