Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for United States
LFAC24TTUSM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,458,000.00
Year-over-Year Change
0.33%
Date Range
1/1/1955 - 6/1/2025
Summary
The Labor Force Total: From 15 to 24 Years for United States measures the total number of individuals aged 15 to 24 who are employed or actively seeking work. This metric provides insights into youth labor market participation and economic conditions affecting younger demographics.
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 economic indicator tracks the size of the civilian labor force for the 15-24 age group in the United States. It is used by economists and policymakers to monitor trends in youth employment, labor force engagement, and the overall health of the job market for younger workers.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
This labor force statistic informs economic and workforce development policy decisions.
Key Facts
- The labor force for 15-24 year olds in the U.S. totaled 21.8 million in 2022.
- Youth labor force participation rate was 55.9% in 2022.
- Employment for 15-24 year olds has gradually recovered since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of civilians aged 15 to 24 who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into youth labor market participation and the economic conditions affecting younger demographics, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This labor force statistic informs economic and workforce development policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for United States (LFAC24TTUSM647N), retrieved from FRED.