Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Austria
LFEM24TTATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
453,700.00
Year-over-Year Change
1.57%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures total employment for individuals aged 15 to 24 years in Austria. It provides important insights into youth labor market dynamics and is closely monitored by economists and policymakers.
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 Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Austria measures the total number of employed individuals between the ages of 15 and 24 in the Austrian labor market. This metric offers granular, high-frequency data on youth employment trends, which is crucial for understanding labor force participation and economic conditions.
Methodology
The data is collected through household surveys conducted by Austria's national statistical agency.
Historical Context
This employment trend is widely used by policymakers and analysts to assess the health of the Austrian economy and inform labor market policies.
Key Facts
- Austria's youth employment rate is currently around 50%.
- The trend has shown steady improvement since the global financial crisis.
- Young workers are a key demographic for Austria's economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals aged 15 to 24 years old in Austria's labor market.
Q: Why is this trend relevant for users or analysts?
A: Youth employment is a crucial indicator of labor market health and economic conditions. This high-frequency data helps policymakers and analysts assess the dynamics of Austria's workforce.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Austria's national statistical agency.
Q: How is this trend used in economic policy?
A: This employment trend is widely used by policymakers and analysts to inform labor market policies and assess the overall health of the Austrian economy.
Q: Are there update delays or limitations?
A: The data is released on a regular, high-frequency basis with minimal delays, providing timely insights into Austria's youth employment.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Austria (LFEM24TTATQ647N), retrieved from FRED.