Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LFHU24MACAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228,300.00
Year-over-Year Change
-1.49%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual civilian labor force participation rate for the United States, not seasonally adjusted. It provides important insights into the size and composition of the U.S. labor market.
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 civilian labor force participation rate tracks the percentage of the civilian non-institutional population that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to understand workforce dynamics and potential labor supply.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
The labor force participation rate is a key indicator used to assess the health and structure of the U.S. economy.
Key Facts
- The annual labor force participation rate averaged 62.9% in 2021.
- Participation rates are lower for women than men.
- Declining participation can signal labor shortages or discouraged workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual civilian labor force participation rate, which is the percentage of the civilian non-institutional population that is either 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 used by economists and policymakers to assess the overall health and structure of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other institutions to understand workforce dynamics and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual data has a delay of several months, as it is compiled from the monthly Current Population Survey.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHU24MACAA647N), retrieved from FRED.