Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Canada
LREM55TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.38
Year-over-Year Change
9.44%
Date Range
1/1/1976 - 1/1/2024
Summary
The Employment Rate Total: From 55 to 64 Years for Canada measures the percentage of Canadians aged 55 to 64 who are employed. This metric provides insight into labor force participation and economic activity among older workers.
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 employment rate for Canadians aged 55 to 64 is a key economic indicator used to assess labor market trends and the integration of older adults into the workforce. It reflects the level of economic engagement and productivity of this demographic.
Methodology
The data is collected through the Labor Force Survey, a monthly household survey conducted by Statistics Canada.
Historical Context
This trend is closely monitored by policymakers and analysts to understand workforce dynamics and inform policies related to aging, retirement, and labor force participation.
Key Facts
- The employment rate for Canadians aged 55-64 was 65.5% in 2021.
- Canada has seen a steady increase in the employment rate for older workers over the past two decades.
- Retaining older workers is a key policy focus for addressing labor shortages and an aging population.
FAQs
Q: What does this economic trend measure?
A: The Employment Rate Total: From 55 to 64 Years for Canada measures the percentage of Canadians aged 55 to 64 who are employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor force participation and economic activity among older workers, which is crucial for understanding workforce dynamics and informing policies related to aging, retirement, and labor force participation.
Q: How is this data collected or calculated?
A: The data is collected through the Labor Force Survey, a monthly household survey conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to understand workforce dynamics and inform policies related to aging, retirement, and labor force participation.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Canada (LREM55TTCAA156N), retrieved from FRED.