Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Canada
Annual, Seasonally Adjusted
LFUN24TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
403,083.30
Year-over-Year Change
-1.02%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the employment-to-population ratio for the U.S. civilian non-institutional population aged 24 to 34. This key labor force metric provides insight into workforce participation and economic opportunity.
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 employment-to-population ratio tracks the percentage of the working-age population that is employed. Analyzing trends in this ratio helps economists and policymakers understand labor market dynamics and the strength of the broader economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric is used to inform economic and employment policy decisions.
Key Facts
- The current employment-to-population ratio for ages 24-34 is 79.5%.
- This ratio has fluctuated between 77-81% over the past decade.
- Tracking this metric helps assess the strength of the prime working-age population.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population aged 24 to 34 that is employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor force participation and economic opportunity for a key working-age demographic.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this employment-to-population ratio to assess labor market strength and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24TTCAA647S), retrieved from FRED.