Labour Force Survey

Essay by blondy21College, Undergraduate November 2008

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The Canadian Labour Force Survey was developed following the Second World War to meet the need for reliable data on the labour force. With women making up a greater percentage of the labour force, and the growing population, the labour force survey was used to gather information to predict future market trends. The labour force consists of the number of people aged 15 and over who are employed and those who are unemployed (but are actively seeking work). Individuals who do not fall into these categories, such as retired workers and those who are voluntarily unemployed, are not calculated into the labour force. Labour force statistics are important measures of a country's economic potential. The larger the percentage of the population that enters the work force, the larger the potential output will be for that country. Labour Force Survey results are used to produce information on the employment rate, unemployment rate and participation rate.