Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada
LRAC64TTCAM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.90
Year-over-Year Change
0.13%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate (Total: From 15 to 64 Years) for Canada measures the active portion of an economy's working-age population. It is a key economic indicator used to assess labor market conditions and workforce trends.
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
This metric represents the share of the Canadian population aged 15 to 64 that is either employed or actively seeking work. It provides insight into the overall size and engagement of the working-age labor force, a critical factor in economic growth and productivity.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
Policymakers and analysts use this metric to evaluate the health of the Canadian labor market and inform employment, fiscal, and monetary policies.
Key Facts
- Canada's labor force participation rate averaged 78.3% from 1976 to 2022.
- The rate peaked at 81.7% in 1981 and reached a low of 74.6% in 2020 due to the COVID-19 pandemic.
- Participation rates are higher for men than women in Canada.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada measures the share of the working-age population in Canada that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and engagement of Canada's labor force, which is a critical factor for economic growth and productivity. It helps policymakers and analysts assess the health of the Canadian labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the state of the Canadian labor market and inform employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada (LRAC64TTCAM156S), retrieved from FRED.