Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Canada
Annual, Seasonally Adjusted
LREM24MACAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.90
Year-over-Year Change
-1.13%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the U.S. employment rate for persons aged 24 to 35. This metric is closely watched by economists and policymakers as an indicator of labor market health and economic opportunity for young workers.
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, Seasonally Adjusted employment rate tracks the proportion of the 24-to-35-year-old civilian population that is employed on an annual basis with seasonal fluctuations removed. This data series provides insight into labor force participation and job access for prime-working-age individuals, which are key factors in evaluating economic conditions and household financial security.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Historical Context
Trends in the 24-to-35 employment rate inform economic policy decisions and investment strategies related to workforce development, education, and social programs.
Key Facts
- The annual employment rate for 24-to-35-year-olds averaged 77.3% in 2021.
- Young adult employment is a leading indicator of overall economic vitality.
- Seasonal variations in 24-to-35 employment reflect factors like summer job openings.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series tracks the percentage of the U.S. civilian population aged 24 to 35 that is employed on an annual basis with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: The 24-to-35 employment rate is a key indicator of labor market health, economic opportunity, and financial security for working-age adults, making it highly relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Trends in the 24-to-35 employment rate inform policy decisions and investment strategies related to workforce development, education, and social programs.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted employment rate data is published with a lag of several months, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24MACAA156S), retrieved from FRED.