Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Canada
LFWA55TTCAM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,051,700.00
Year-over-Year Change
-0.82%
Date Range
1/1/1976 - 6/1/2025
Summary
This economic trend measures the total working-age population in Canada aged 55 to 64 years old. It provides important insights into labor force participation and demographic shifts that are relevant for policymakers and economists.
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 working-age population aged 55 to 64 is a key indicator of labor market dynamics and the aging of the workforce. This data series tracks the total number of Canadians in this age group, which is useful for analyzing employment, retirement, and social welfare trends.
Methodology
The data is collected through Canada's Labor Force Survey, a monthly household survey conducted by Statistics Canada.
Historical Context
This trend is widely used by government agencies, central banks, and economic analysts to inform policy decisions and market assessments.
Key Facts
- The working-age population aged 55-64 in Canada totaled 4.8 million in 2021.
- This age group accounts for over 15% of Canada's total working-age population.
- The 55-64 age cohort has seen steady growth in recent decades due to population aging.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population in Canada aged 55 to 64 years old, providing insights into labor force demographics and aging trends.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding labor market dynamics, retirement patterns, and the aging of the workforce, which are key considerations for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through Canada's monthly Labor Force Survey, a household survey conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Government agencies, central banks, and economic analysts use this trend to inform policy decisions and market assessments related to employment, social welfare, and demographic shifts.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of 1-2 months. There may be minor revisions to past data as the survey is refined.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Canada (LFWA55TTCAM647S), retrieved from FRED.