Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Canada
LFWA24TTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,892,283.00
Year-over-Year Change
9.48%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the total working-age population in Canada aged 15 to 24 years. It provides crucial insights into labor force dynamics and demographic shifts that inform economic policymaking.
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 Working-Age Population Total: From 15 to 24 Years for Canada tracks the size of the Canadian population in the 15-24 age range, which is a key indicator of the available labor supply and future workforce composition.
Methodology
This data is collected by Statistics Canada through comprehensive household surveys.
Historical Context
Policymakers and analysts use this metric to assess labor market conditions, plan workforce development initiatives, and forecast economic growth.
Key Facts
- The 15-24 age group makes up about 12% of Canada's total population.
- The working-age population in this group has remained relatively stable in recent years.
- Changes in this metric can signal shifts in educational enrollment, labor force participation, and economic opportunities for youth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people in Canada aged 15 to 24 years, which represents the working-age population in this demographic group.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding labor force dynamics, workforce composition, and demographic changes that can impact economic growth and policymaking in Canada.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through comprehensive household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market conditions, plan workforce development initiatives, and forecast economic growth.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by Statistics Canada, but may be subject to minor delays or revisions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Canada (LFWA24TTCAA647N), retrieved from FRED.