Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LREM24TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.83
Year-over-Year Change
-1.92%
Date Range
1/1/1976 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted unemployment rate for people aged 25 and over in the United States. It provides important insights into long-term labor force trends.
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, not seasonally adjusted unemployment rate tracks the share of the civilian labor force aged 25 and older who are jobless but actively seeking work. This metric offers a broader perspective on labor force dynamics compared to more commonly cited monthly or quarterly unemployment statistics.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate is a key indicator used by policymakers, economists, and analysts to assess the health of the U.S. labor market.
Key Facts
- The annual, not seasonally adjusted unemployment rate for people aged 25 and over was 3.7% in 2021.
- This metric has trended downward since peaking at 9.6% in 2010 during the Great Recession.
- The rate is typically lower than the overall U.S. unemployment rate due to older workers' greater labor force attachment.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate for the U.S. civilian labor force aged 25 and older.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into long-term labor force dynamics beyond monthly or quarterly unemployment data.
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.
Q: How is this trend used in economic policy?
A: This unemployment rate is a key indicator used by policymakers, economists, and analysts to assess the health of the U.S. labor market.
Q: Are there update delays or limitations?
A: There may be delays in the release of this annual data compared to more frequently published unemployment statistics.
Related Trends
Mutual Fund Assets to GDP for Canada
DDDI07CAA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Canada
CANCP080000CTGYM
Business Tendency Surveys: Employment: Economic Activity: Manufacturing: Future Tendency for Canada
CANBSEMFT02STSAQ
International Trade: Imports: Value (Goods): Total for Canada
XTIMVA01CAA188S
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 24 Years for Canada
LREM24FECAA156N
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Canada
LRAC64TTCAM156S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM24TTCAA156N), retrieved from FRED.