Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Canada
Annual, Seasonally Adjusted
LFWA55TTCAA647S • 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
The 'Annual, Seasonally Adjusted' series measures the civilian labor force participation rate in the United States. This key economic indicator provides insight into the size and composition of the U.S. workforce.
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 working or actively seeking employment. This statistic is closely watched by economists and policymakers to gauge labor market dynamics and broader economic conditions.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is used to inform economic policy decisions and labor market analysis.
Key Facts
- The U.S. labor force participation rate was 62.2% in January 2023.
- Participation rates vary by demographic factors such as age, gender, and education level.
- Long-term trends show a decline in the overall U.S. labor force participation rate since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the civilian non-institutional population aged 16 and over that is working 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 key indicator of the size and composition of the U.S. workforce, providing insight into broader economic conditions and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by economists and policymakers to inform economic policy decisions and analyze labor market conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA55TTCAA647S), retrieved from FRED.