Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LFWA55TTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,090,900.00
Year-over-Year Change
15.01%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the total civilian labor force participation rate in the United States on an annual, not seasonally adjusted basis. It provides insight into the overall size and engagement of the U.S. labor force.
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 aged 16 and over that is either employed or actively seeking employment. This key metric is used by economists and policymakers to assess the strength and dynamics of the U.S. labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
The labor force participation rate is a crucial indicator for understanding employment trends and evaluating the health of the broader economy.
Key Facts
- The U.S. civilian labor force participation rate was 62.2% in 2022.
- Labor force participation has declined from a peak of 67.3% in 2000.
- Participation rates are lower for women, youth, and older workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator for understanding employment trends and evaluating the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labor force participation rate to assess the strength of the labor market and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Civilian Labor Force Participation Rate (LFWA55TTCAA647N), retrieved from FRED.