Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
Annual, Seasonally Adjusted
LRUNTTTTCAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.35
Year-over-Year Change
-14.38%
Date Range
1/1/1955 - 1/1/2024
Summary
The Annual, Seasonally Adjusted employment-population ratio tracks the percentage of the adult civilian non-institutional population that is employed on an annual basis, adjusted for seasonal variations.
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-population ratio is a key economic indicator that measures the share of the working-age population that is currently employed. This ratio provides insight into the labor market's health and utilization.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This ratio is closely monitored by policymakers, economists, and investors to assess the strength of the overall economy.
Key Facts
- The annual employment-population ratio averaged 59.1% in 2022.
- The ratio reached a high of 63.4% in 2000 before declining during the Great Recession.
- Women's employment-population ratio was 53.5% in 2022, compared to 65.1% for men.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted employment-population ratio measures the percentage of the adult civilian non-institutional population that is employed on an annual basis, with adjustments for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment-population ratio is a key indicator of labor market health and the overall strength of the economy. It provides insight into the degree of labor utilization and is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment-population ratio is used by policymakers, such as the Federal Reserve, to assess the labor market's strength and guide decisions on monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted employment-population ratio is released with a lag, typically a few months after the end of the calendar year. There may also be revisions to historical data as the Bureau of Labor Statistics updates its methodology.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUNTTTTCAA156S), retrieved from FRED.