Unemployment Rate - Associate Degree - Occupational Program, 16 to 17 years
ADOP1617 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
-64.00%
Date Range
6/1/2000 - 9/1/2023
Summary
Measures unemployment for 16-17 year olds with associate degrees in occupational programs. Provides unique insights into youth vocational education and employment.
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 indicator tracks joblessness among very young adults with specialized occupational training, reflecting early career market dynamics.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used to evaluate vocational education effectiveness and youth workforce readiness.
Key Facts
- Unique indicator of youth vocational employment
- Reflects early career market conditions
- Highlights vocational education outcomes
FAQs
Q: What does this unemployment rate represent?
A: Tracks joblessness for 16-17 year olds with occupational associate degrees. Indicates early career market challenges.
Q: Why track unemployment for this specific group?
A: Provides insights into vocational education effectiveness and youth workforce integration.
Q: How frequently is this data updated?
A: Monthly data collection through the Current Population Survey.
Q: What impacts this unemployment rate?
A: Job market conditions, vocational program quality, and economic opportunities directly influence the rate.
Q: How do policymakers use this data?
A: Guides educational and workforce development strategies for young vocational students.
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Citation
U.S. Federal Reserve, Unemployment Rate - Associate Degree - Occupational Program, 16 to 17 years (ADOP1617), retrieved from FRED.