Unemployment Rate - Less than 1 year of High School, 20 to 24 years
L1HS2024 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-75.81%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among young adults with less than a high school diploma. Provides critical insight into educational attainment and labor market challenges for youth.
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 metric measures joblessness for 20-24 year olds with minimal educational credentials. It reflects economic opportunities for less-educated young workers.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess workforce development and education intervention needs.
Key Facts
- Highest unemployment risk demographic group
- Indicates economic vulnerability for young workers
- Reflects broader educational opportunity challenges
FAQs
Q: Why is unemployment high for young adults with less education?
A: Limited skills and work experience reduce job market competitiveness. Economic downturns disproportionately impact less-educated workers.
Q: How does education impact employment prospects?
A: Higher education significantly increases employment opportunities and earning potential.
Q: What government programs address this unemployment challenge?
A: Job training, vocational programs, and educational support initiatives target this demographic.
Q: How frequently is this data updated?
A: Monthly updates through the Bureau of Labor Statistics' Current Population Survey.
Q: Can this trend predict economic shifts?
A: Youth unemployment is a leading indicator of broader economic and structural labor market changes.
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Citation
U.S. Federal Reserve, Unemployment Rate - Less than 1 year of High School, 20 to 24 years (L1HS2024), retrieved from FRED.