Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Canada
Quarterly, Not Seasonally Adjusted
LREM24MACAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.40
Year-over-Year Change
-5.78%
Date Range
1/1/1976 - 4/1/2025
Summary
This economic trend measures the manufacturing labor force participation rate on a quarterly basis without seasonal adjustments. It is a key indicator of the strength and composition of the U.S. manufacturing workforce.
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 manufacturing labor force participation rate tracks the percentage of the civilian noninstitutional population aged 16 and over who are employed in the manufacturing sector. This metric provides insights into the size and engagement of the manufacturing labor pool, which is crucial for assessing the health and productivity of the U.S. industrial economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to understand employment dynamics and workforce availability in the manufacturing industry.
Key Facts
- The manufacturing labor force participation rate peaked at 15.7% in 1953.
- The rate has declined from over 15% in the 1950s to around 10% today.
- Manufacturing accounts for approximately 10% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 16 and over who are employed in the manufacturing sector on a quarterly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing labor force participation rate is a crucial indicator of the strength and composition of the U.S. manufacturing workforce, providing insights into employment dynamics and workforce availability in the industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to understand employment dynamics and workforce availability in the manufacturing industry, which is essential for assessing the health and productivity of the U.S. industrial economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM24MACAQ156N), retrieved from FRED.