Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Estonia
LFEM24TTEEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,050.00
Year-over-Year Change
-6.57%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures employment for individuals aged 15 to 24 in Estonia. Understanding youth employment is crucial for policymakers assessing labor market dynamics and economic opportunities.
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 Estonia series tracks the total number of employed persons between the ages of 15 and 24 in the Estonian labor market. This metric provides important insights into labor force participation and economic prospects for the country's younger population.
Methodology
The data is collected through household surveys by the Estonian statistical agency.
Historical Context
Trends in youth employment are closely monitored by economists and policymakers to inform labor market and economic development policies.
Key Facts
- Estonia's youth employment rate was 39.2% in 2021.
- Employment for 15-24 year-olds has declined by 10% since 2010.
- Youth unemployment remains over 3 times higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment for individuals aged 15 to 24 in Estonia. It provides insights into labor force participation and economic opportunities for the country's younger population.
Q: Why is this trend relevant for users or analysts?
A: Trends in youth employment are crucial for policymakers, economists, and analysts to assess labor market dynamics and inform policies supporting economic development and opportunity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor youth employment to inform labor market policies and programs aimed at fostering economic growth and opportunity.
Q: Are there update delays or limitations?
A: There may be some delay in publishing the latest data, and the survey-based nature of the metric could introduce sampling or reporting limitations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Estonia (LFEM24TTEEA647N), retrieved from FRED.