Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Canada
LFHU24MACAM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
295,800.00
Year-over-Year Change
5.76%
Date Range
1/1/1976 - 7/1/2025
Summary
This economic trend measures the monthly unemployment rate for male workers aged 15 to 24 in Canada. It provides critical insights into the labor market dynamics and employment challenges facing younger Canadians.
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 Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Canada tracks the unemployment levels of a key demographic within the Canadian workforce. This data series is widely used by economists, policymakers, and labor market analysts to understand employment trends and inform economic policies.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
This unemployment statistic is a valuable indicator for assessing the overall health of the Canadian economy and the effectiveness of labor market policies.
Key Facts
- Canada's youth unemployment rate is typically higher than the national average.
- Male workers aged 15-24 are more likely to experience job instability and transitions.
- Monitoring this statistic helps policymakers develop targeted programs to support young workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for male workers aged 15 to 24 in Canada. It provides insights into the employment challenges facing younger Canadians.
Q: Why is this trend relevant for users or analysts?
A: This unemployment statistic is a valuable indicator for assessing the overall health of the Canadian economy and the effectiveness of labor market policies.
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: Monitoring this statistic helps policymakers develop targeted programs to support young workers and address employment challenges.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with potential lags in reporting due to survey collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Canada (LFHU24MACAM647N), retrieved from FRED.