Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Canada
LRAC24TTCAM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.50
Year-over-Year Change
-0.42%
Date Range
1/1/1976 - 7/1/2025
Summary
The labor force participation rate for Canadians aged 15 to 24 measures the proportion of the working-age population in this demographic that is employed or actively seeking work. This metric is a key indicator of labor market conditions and economic activity for young workers.
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 represents the active portion of an economy's labor force. It is the number of people working or actively looking for work as a percentage of the total working-age population. This indicator is closely watched by policymakers and economists to assess employment trends and the strength of the labor market.
Methodology
The data is collected through household surveys conducted by Statistics Canada.
Historical Context
The youth labor force participation rate is an important signal of economic and labor market conditions that informs policy decisions.
Key Facts
- The labor force participation rate for Canadians aged 15-24 was 63.6% in 2022.
- Youth labor force participation has declined in Canada over the past two decades.
- Declining youth participation may signal challenges in school-to-work transitions.
FAQs
Q: What does this economic trend measure?
A: The labor force participation rate for Canadians aged 15 to 24 measures the proportion of the working-age population in this demographic that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force participation rate is an important signal of economic and labor market conditions that informs policy decisions.
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: The youth labor force participation rate is closely watched by policymakers and economists to assess employment trends and the strength of the labor market.
Q: Are there update delays or limitations?
A: The data is updated on an intra-annual basis by the U.S. Federal Reserve.
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NCGGRSAXDCCAQ
Consumer Price Index: OECD Groups: Goods: Total for Canada
CANCPGRGO01GPM
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Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Canada
LFEAMNTTCAQ647S
Net migration for Canada
SMPOPNETMCAN
Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for Canada
LFUN25TTCAA647S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Canada (LRAC24TTCAM156N), retrieved from FRED.