Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Canada
LRACTTTTCAM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.40
Year-over-Year Change
-0.15%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate Total: 15 Years or over for Canada measures the percentage of the working-age population in Canada that is employed or actively seeking work. This indicator provides insights into the overall health and utilization of the Canadian labor market.
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 Labor Force Participation Rate Total tracks the proportion of Canadians aged 15 and above who are either employed or actively looking for work. It is a key metric used by economists and policymakers to assess the availability of labor resources and potential for economic growth.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
Trends in the labor force participation rate are closely monitored by the Bank of Canada and other institutions to inform economic and monetary policy decisions.
Key Facts
- Canada's labor force participation rate averaged 65.2% in 2022.
- The participation rate has declined from a peak of 67.1% in 2003.
- Participation rates tend to be higher among men than women in Canada.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate Total: 15 Years or over for Canada measures the percentage 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 indicator provides insights into the overall health and utilization of the Canadian labor market, which is a key driver of economic growth and productivity.
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: Trends in the labor force participation rate are closely monitored by the Bank of Canada and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a relatively short delay, providing timely insights into the Canadian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Canada (LRACTTTTCAM156S), retrieved from FRED.