Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Turkiye
Quarterly, Not Seasonally Adjusted
LREM24MATRQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.70
Year-over-Year Change
20.51%
Date Range
1/1/2006 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted trend measures the monthly unemployment rate among individuals aged 24 and under. This metric provides key insights into youth employment and labor force participation.
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 economic indicator tracks the unemployment rate for the youngest segment of the U.S. labor force. It is closely monitored by policymakers, economists, and labor market analysts to gauge the economic prospects and challenges facing young workers.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The youth unemployment rate is a crucial input for evaluating the overall health of the labor market and informing workforce development policies.
Key Facts
- The U.S. youth unemployment rate averaged 12.6% in 2022.
- Youth unemployment is typically higher than the overall jobless rate.
- The pandemic caused a spike in youth unemployment, which has since declined.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures the monthly unemployment rate for individuals aged 24 and under in the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a key indicator of labor market conditions and economic prospects for young workers, making it crucial for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The youth unemployment rate is used by policymakers, labor market analysts, and economists to evaluate the overall health of the labor market and inform workforce development policies.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted data is published with a brief delay, typically within a few weeks of the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM24MATRQ156N), retrieved from FRED.