Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LRHU24MACAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.25
Year-over-Year Change
-9.48%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the U.S. population aged 24 years and older. It provides important insights into long-term labor force dynamics and workforce trends.
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 annual, not seasonally adjusted labor force participation rate represents the share of the civilian non-institutional population aged 24 and over who are employed or actively seeking employment. This metric is widely used by economists and policymakers to analyze the strength and structure of the U.S. labor market over time.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the overall health and participation levels in the U.S. labor force.
Key Facts
- The labor force participation rate reached a peak of 67.1% in 2000.
- Participation has declined from over 66% in 2008 to around 63% in recent years.
- Factors like aging demographics and disability contribute to long-term participation trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the U.S. population aged 24 and older. It represents the share of this population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and structure of the U.S. labor market. Monitoring long-term trends in participation provides important insights for economists, policymakers, and workforce analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall health and dynamics of the U.S. labor force, which informs decisions around employment, workforce development, and economic policy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is published with a short lag, typically within a few months of the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24MACAA156N), retrieved from FRED.