Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for Denmark
Annual, Not Seasonally Adjusted
LFUN64TTDKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196,625.00
Year-over-Year Change
-11.92%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in Canada. It is a key indicator of labor market conditions and economic activity.
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 annual, not seasonally adjusted labor force participation rate represents the percentage of the working-age population that is employed or actively seeking employment in Canada. It is a widely-tracked metric used by economists and policymakers to assess the strength and dynamics of the Canadian labor market.
Methodology
This data is collected through household surveys conducted by Statistics Canada.
Historical Context
The labor force participation rate provides important context for interpreting unemployment and employment trends in the Canadian economy.
Key Facts
- The Canadian labor force participation rate was 65.4% in 2022.
- Participation rates are typically higher for men than women in Canada.
- Labor force participation has declined in Canada over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in Canada, which represents the percentage of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market conditions and economic activity, providing important context for interpreting employment and unemployment trends in Canada.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labor force participation rate to assess the strength and dynamics of the Canadian labor market, which informs decisions and policies related to employment, economic growth, and workforce development.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published annually by Statistics Canada, with a delay of several months from the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN64TTDKA647N), retrieved from FRED.