Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for United States
LFWA24TTUSA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,972,330.00
Year-over-Year Change
0.49%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the total working-age population aged 15 to 24 in the United States. It provides insights into labor force dynamics and workforce participation for 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
The working-age population aged 15 to 24 is a key indicator for economists and policymakers analyzing labor market trends, workforce development, and educational attainment. This data series tracks the size and composition of this demographic cohort over time.
Methodology
The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Historical Context
Monitoring this working-age population trend helps inform economic, employment, and educational policies targeting younger workers.
Key Facts
- The current working-age population aged 15-24 in the U.S. is over 41 million.
- This age group accounts for approximately 13% of the total U.S. working-age population.
- The 15-24 cohort participation rate in the labor force is around 55%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the working-age population in the United States aged 15 to 24 years old.
Q: Why is this trend relevant for users or analysts?
A: Tracking the working-age 15-24 population is crucial for understanding labor force dynamics, workforce participation, and demographic trends among younger workers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: This trend informs economic, employment, and educational policies targeting younger workers and the future labor force.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical release lag of 1-2 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for United States (LFWA24TTUSA647N), retrieved from FRED.