Unemployment Rate - Less than 1 year of High School, 16 to 17 years
L1HS1617 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.50
Year-over-Year Change
49.39%
Date Range
1/1/2000 - 7/1/2025
Summary
The Unemployment Rate - Less than 1 year of High School, 16 to 17 years measures the percentage of unemployed individuals aged 16 to 17 with less than one year of high school education in the United States. This trend provides key insights into the labor market experiences of a vulnerable demographic.
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 data series tracks the unemployment rate for 16 to 17 year old individuals who have completed less than one year of high school education. It is an important economic indicator that reveals challenges faced by youth with limited educational attainment in securing employment.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate metric is used by policymakers, economists, and labor market analysts to assess the labor market outcomes and economic well-being of disadvantaged youth.
Key Facts
- The unemployment rate for 16-17 year olds with less than 1 year of high school is typically higher than the national average.
- This demographic faces significant barriers to employment, including lack of work experience and educational attainment.
- Tracking this unemployment rate is crucial for developing policies to support vulnerable youth and improve labor market outcomes.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate - Less than 1 year of High School, 16 to 17 years measures the percentage of unemployed individuals aged 16 to 17 who have completed less than one year of high school education in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the labor market challenges faced by disadvantaged youth, which is crucial information 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: This unemployment rate metric is used by policymakers, economists, and labor market analysts to assess the labor market outcomes and economic well-being of disadvantaged youth, and to develop policies to support this vulnerable demographic.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the broader Current Population Survey, which is a widely used and reliable source of labor market information.
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Citation
U.S. Federal Reserve, Unemployment Rate - Less than 1 year of High School, 16 to 17 years (L1HS1617), retrieved from FRED.