Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LRUN24TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-7.14%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the civilian labor force participation rate in the United States. This key metric provides insight into the overall size and engagement of the U.S. 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 civilian labor force participation rate represents the percentage of the civilian non-institutional population aged 16 and older who are either employed or actively seeking work. This statistic is widely used by economists and policymakers to assess the health and potential of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a critical input for economic analysis and policy decisions related to employment, economic growth, and workforce development.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- The rate has declined from a peak of 67.3% in 2000.
- Participation is lower among older workers and discouraged job seekers.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population aged 16 and older who are either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall size and engagement of the U.S. workforce, providing valuable insights for economists, policymakers, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a critical input for economic analysis and policy decisions related to employment, economic growth, and workforce development.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released on a monthly basis with a typical lag of one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24TTCAA156N), retrieved from FRED.