Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LFUN55MACAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101,908.30
Year-over-Year Change
-1.39%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. This key metric is vital for understanding the overall health and composition of the U.S. 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 labor force participation rate represents the percentage of the civilian noninstitutional population aged 16 and older that is either employed or actively seeking work. Economists closely monitor this trend to gauge workforce engagement and evaluate policy impacts.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and analysts use this metric to inform economic and employment decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates vary by age, gender, and other demographic factors.
- Labor force participation is a key indicator of economic health and growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the United States, which represents the percentage of the civilian population aged 16 and older that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a vital economic indicator that provides insights into the overall health and composition of the U.S. labor market. It helps policymakers and analysts assess workforce engagement and evaluate the impacts of economic policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the labor force participation rate to inform employment, economic, and workforce-related decisions and policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and annually by the U.S. Federal Reserve. There may be some delays in the availability of the most recent data.
Related Trends
Consumer Price Index: Total Food Excluding Restaurants for Canada
CPGDFD02CAM659N
Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Canada
LREM25TTCAM156S
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Canada
CANCP020000GPM
Labor Compensation: Earnings: Manufacturing: Hourly for Canada
LCEAMN01CAQ189N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Canada
CANCPGRSE01GYM
Bank Regulatory Capital to Risk-Weighted Assets for Canada
DDSI05CAA156NWDB
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN55MACAA647N), retrieved from FRED.