Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Canada
Annual, Seasonally Adjusted
LREM24TTCAA156S • 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
The Annual, Seasonally Adjusted trend measures the annual change in the civilian labor force participation rate, a key indicator of workforce engagement. This metric is closely watched by economists and policymakers to assess labor market conditions and guide employment policies.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking work. Tracking this trend provides insights into the size and composition of the available workforce, which is crucial for understanding economic growth and productivity.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Historical Context
The labor force participation rate is a crucial input for economic forecasting and employment policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates have declined since the early 2000s, largely due to population aging.
- Women's participation rate is lower than men's, but the gap has narrowed over time.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian non-institutional population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of workforce engagement and labor market conditions, providing important insights for economic forecasting and employment policy decisions.
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: The labor force participation rate is a key input for economic forecasting and employment policy decisions, as it reflects the size and composition of the available workforce.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of a few weeks, and may be subject to minor revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24TTCAA156S), retrieved from FRED.