Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LFUN64TTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,355,783.00
Year-over-Year Change
-1.02%
Date Range
1/1/1976 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted civilian labor force participation rate for the United States. It is a key economic indicator that provides insights into the overall size 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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment. Economists and policymakers closely monitor this metric to assess labor market dynamics and identify potential areas of strength or weakness in the economy.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a crucial input for evaluating the health of the labor market and informing economic and policy decisions.
Key Facts
- The U.S. labor force participation rate has declined from over 67% in the early 2000s to around 62% in recent years.
- Participation rates are typically lower for older workers and higher for prime-working-age adults.
- Fluctuations in the participation rate can signal changes in the strength of the labor market and the overall economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted civilian labor force participation rate for the United States, which represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the overall health and strength of the labor market, providing insights that are relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a key input for evaluating the health of the labor market and informing economic and policy decisions, such as monetary policy, employment programs, and workforce development initiatives.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is typically published with a short delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN64TTCAA647N), retrieved from FRED.