Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for G7
G7LFIN24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,865,700.00
Year-over-Year Change
1.85%
Date Range
4/1/2003 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for G7' measures the number of people aged 15 to 24 who are not participating in the labor force across the G7 countries. This metric provides insight into youth engagement and economic opportunity.
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 the total number of individuals aged 15 to 24 who are not in the labor force, which includes those not employed and not actively seeking work. It offers a view of labor market participation and engagement for young people in the major industrialized economies.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies in each G7 country.
Historical Context
This metric is used by economists and policymakers to monitor trends in youth labor force attachment and design policies to promote employment and economic inclusion.
Key Facts
- The G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- Youth not in the labor force may be in school, caring for family, or discouraged from seeking work.
- High youth non-participation can indicate economic challenges and lack of opportunity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of individuals aged 15 to 24 who are not in the labor force across the G7 countries, providing insight into youth engagement and participation in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to monitor trends in youth labor force attachment and design policies to promote employment and economic inclusion for young people.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies in each G7 country.
Q: How is this trend used in economic policy?
A: This indicator provides valuable insights into youth engagement and economic opportunity, which can inform policies aimed at promoting employment and labor force participation among young people.
Q: Are there update delays or limitations?
A: The data is subject to the update schedules and methodological practices of the national statistical agencies in each G7 country, which may result in occasional delays or limitations in data availability.
Related Trends
International Merchandise Trade Statistics: Exports: Commodities for G7
G7XTEXVA01CXMLSAM
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for G7
G7LFWA64TTSTSAQ
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for G7
G7LFEM64MASTSAQ
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 64 Years for G7
G7LFAC64FESTQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for G7
G7LFWA24TTSTQ
Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for G7
G7LFUN55MASTQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for G7 (G7LFIN24TTSTQ), retrieved from FRED.