Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Canada
Quarterly, Seasonally Adjusted
LRUN24TTCAQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.17
Year-over-Year Change
46.05%
Date Range
1/1/1976 - 4/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the unemployment rate among the U.S. civilian labor force. This key economic indicator is closely tracked by policymakers and analysts to assess labor market conditions.
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 Quarterly, Seasonally Adjusted unemployment rate represents the percentage of the civilian labor force that is jobless but actively seeking employment. It is a widely used metric for evaluating the health of the U.S. economy and informing policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other policymakers when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest unemployment rate on record is 3.5%, which occurred in 2019.
- Historically, the unemployment rate has ranged from around 3.5% to 10% in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted unemployment rate measures the percentage of the U.S. civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the broader economy, making it essential for policymakers, businesses, and individuals to monitor.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for the Federal Reserve and other policymakers when setting monetary and fiscal policies to promote stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The unemployment rate data is published quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN24TTCAQ156S), retrieved from FRED.