Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Canada
LRUN24TTCAM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
5.19%
Date Range
1/1/1976 - 6/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Canada measures the unemployment rate for Canadian individuals aged 15 to 24. This metric is a key indicator of youth labor market conditions and economic health.
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
This statistic represents the percentage of the Canadian labor force aged 15 to 24 who are unemployed but actively seeking work. It is an important barometer for policymakers and analysts to gauge the employment opportunities and challenges facing young workers in the Canadian economy.
Methodology
The data is collected through household surveys by Statistics Canada.
Historical Context
This unemployment rate trend is closely monitored by the Bank of Canada and other government institutions to inform economic and labor market policies.
Key Facts
- The current Canadian youth unemployment rate is 10.4%.
- Youth unemployment tends to be higher than the overall unemployment rate.
- Reducing youth unemployment is a policy priority in many countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Canadian individuals aged 15 to 24, providing insight into the labor market conditions for young workers.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a key indicator of economic health and the employment opportunities available to young people, making it important for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Canadian youth unemployment rate is closely monitored by the Bank of Canada and other government institutions to inform economic and labor market policies aimed at supporting young workers.
Q: Are there update delays or limitations?
A: The data is updated on a monthly basis, with a typical release lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Canada (LRUN24TTCAM156S), retrieved from FRED.