Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Ireland
LFHU24FEIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,083.33
Year-over-Year Change
-43.64%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the monthly unemployment rate for females aged 15 to 24 in Ireland. It provides important insights into labor market dynamics and youth employment patterns.
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: Monthly Unemployment Female: From 15 to 24 Years for Ireland metric tracks the percentage of the female labor force aged 15 to 24 who are unemployed in Ireland on a monthly basis. This data point is crucial for analyzing youth employment, identifying labor market trends, and informing policy decisions.
Methodology
The data is collected through household surveys conducted by the Irish national statistical agency.
Historical Context
This unemployment rate is closely monitored by policymakers, economists, and labor market analysts to assess the health of the Irish economy and labor force.
Key Facts
- Ireland's female youth unemployment rate averaged 13.4% in 2021.
- Youth unemployment is typically higher than overall unemployment.
- The COVID-19 pandemic significantly impacted youth employment in Ireland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for females aged 15 to 24 in Ireland, providing insights into youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is crucial for analyzing youth employment patterns, identifying labor market trends, and informing policy decisions in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish national statistical agency.
Q: How is this trend used in economic policy?
A: This unemployment rate is closely monitored by policymakers, economists, and labor market analysts to assess the health of the Irish economy and labor force.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Ireland (LFHU24FEIEA647N), retrieved from FRED.