Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada
LRIN55TTCAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.21
Year-over-Year Change
-3.72%
Date Range
1/1/1976 - 4/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada measures the percentage of Canadians aged 55 to 64 who are not actively employed or seeking work. This metric provides insights into labor force participation and retirement patterns within this age group.
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 economic indicator tracks the share of Canadians aged 55 to 64 who are neither employed nor actively looking for a job. It offers valuable data on labor force dynamics and workforce trends for near-retirement individuals, which can inform policy decisions and business strategies.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
Policymakers and economists analyze this metric to understand employment and retirement patterns, which can inform workforce development initiatives and social safety net programs.
Key Facts
- The inactivity rate for Canadians aged 55-64 was 32.4% in 2022.
- The inactivity rate has decreased by 5 percentage points since 2010.
- Women in this age group have a higher inactivity rate than men.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada measures the percentage of Canadians aged 55 to 64 who are not actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor force participation and retirement patterns within the 55-64 age group, which can inform policy decisions and business strategies.
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 economists analyze this metric to understand employment and retirement patterns, which can inform workforce development initiatives and social safety net programs.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delays in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada (LRIN55TTCAQ156N), retrieved from FRED.