Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Canada
LRHU24MACAM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.40
Year-over-Year Change
0.70%
Date Range
1/1/1976 - 6/1/2025
Summary
The Monthly Unemployment Rate Male: From 15 to 24 Years for Canada measures the percentage of Canadian males aged 15 to 24 who are unemployed. This statistic provides valuable insights into the country's youth 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 infra-annual labor statistic tracks the unemployment rate for young Canadian men, offering an important indicator of economic conditions and labor force participation. Policymakers and analysts use this data to monitor trends and inform decisions related to employment, education, and social programs.
Methodology
The data is collected through a monthly household survey conducted by Statistics Canada.
Historical Context
This unemployment rate is a key input for evaluating the health of Canada's labor market and economy.
Key Facts
- The average monthly unemployment rate for Canadian males aged 15-24 is 12.3%.
- Youth unemployment is typically higher than the overall national rate.
- Tracking this statistic helps policymakers address barriers to youth employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Canadian males aged 15 to 24 years old.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides important insights into the labor market dynamics and economic conditions facing young Canadian men, which is valuable information for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly household survey conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: This unemployment rate for young Canadian males is a key input for evaluating the health of the country's labor market and informing policies related to employment, education, and social programs.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay, providing timely information on this important labor market indicator.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Canada (LRHU24MACAM156N), retrieved from FRED.