Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for G7
G7LFAC24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,063,900.00
Year-over-Year Change
5.97%
Date Range
4/1/2003 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for G7' measures the size of the youth labor force in the G7 countries on a quarterly basis. This metric is important for economists and policymakers to track workforce participation and labor market dynamics.
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 represents the total number of persons aged 15 to 24 years who are employed or actively seeking work in the G7 nations. It provides insights into youth engagement in the labor market, a key factor for assessing economic health and workforce trends.
Methodology
The data is collected through household and labor force surveys conducted by statistical agencies in each G7 country.
Historical Context
Monitoring the G7 youth labor force is crucial for economic and workforce policy analysis.
Key Facts
- The G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- The youth labor force accounts for around 10-15% of the total labor force in G7 economies.
- Youth unemployment rates tend to be higher than the national average in G7 countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total number of persons aged 15 to 24 years who are employed or actively seeking work in the G7 countries.
Q: Why is this trend relevant for users or analysts?
A: Tracking the youth labor force is crucial for understanding workforce dynamics and evaluating labor market health in major advanced economies.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by statistical agencies in each G7 country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess youth employment and labor market participation, which informs workforce development and economic policies.
Q: Are there update delays or limitations?
A: There may be slight delays in data reporting due to the time required for national statistical agencies to collect and aggregate the information.
Related Trends
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for G7
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for G7 (G7LFAC24TTSTQ), retrieved from FRED.