Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Colombia
COLLREM24TTSTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.70
Year-over-Year Change
-3.45%
Date Range
1/1/2007 - 5/1/2025
Summary
This economic trend measures the employment rate for individuals aged 15 to 24 in Colombia. It provides insight into the labor market participation and economic opportunities for the country's youth population.
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 employment rate for 15 to 24 year olds is an important indicator of economic conditions and labor market dynamics. It reflects the ability of the Colombian economy to provide job opportunities for young workers, which is crucial for sustainable economic development.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
This employment trend is closely monitored by policymakers and economists to inform decisions on labor market policies and programs.
Key Facts
- The employment rate for 15-24 year olds in Colombia was 47.5% in 2021.
- Youth unemployment is over twice the national average in Colombia.
- The employment rate for this age group has declined by 3 percentage points since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 15 to 24 years old in Colombia. It provides insight into labor market participation and job opportunities for the country's youth population.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate is an important indicator of economic conditions and development. It reflects the ability of the Colombian economy to provide job opportunities for young workers, which is crucial for sustainable growth and social stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Colombia's national statistical agency.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by policymakers and economists to inform decisions on labor market policies and programs aimed at improving employment opportunities for young Colombians.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be lags of several months between the reference period and data publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Colombia (COLLREM24TTSTM), retrieved from FRED.