Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LRUN55MACAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.51
Year-over-Year Change
-19.22%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and labor force engagement.
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 tracks the percentage of the civilian noninstitutional population who are employed or actively seeking work. It is a widely-used metric for evaluating the health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor labor force participation to assess labor market conditions and inform economic policy decisions.
Key Facts
- The labor force participation rate was 62.4% in 2021.
- Participation rates vary by age, gender, and other demographic factors.
- Labor force participation is a key input for measuring unemployment and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the percentage of the civilian noninstitutional population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of labor market health and engagement, providing insights into economic conditions and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on the labor force participation rate to assess labor market conditions and inform decisions on economic policies, such as employment, taxation, and social programs.
Q: Are there update delays or limitations?
A: The labor force participation data is released monthly with a slight delay, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55MACAA156N), retrieved from FRED.