Harmonized Unemployment: Aged 15-24: Males for the European Union
LFHU24MAEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,822,083.33
Year-over-Year Change
-20.29%
Date Range
1/1/2000 - 1/1/2019
Summary
The Harmonized Unemployment: Aged 15-24: Males for the European Union measures the unemployment rate among young male workers in the EU. This metric is a key indicator of labor market conditions and economic performance for policymakers and analysts.
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 series tracks the percentage of the male labor force aged 15-24 in the European Union who are unemployed and actively seeking work. It is a harmonized measure across EU member states, allowing for cross-country comparisons of youth joblessness.
Methodology
The data is collected through national labor force surveys and compiled by Eurostat.
Historical Context
This unemployment rate is closely monitored by central banks, finance ministries, and international economic institutions to assess the strength of the EU's labor market and broader economic conditions.
Key Facts
- EU youth male unemployment rate averaged 17.7% in 2021.
- Youth joblessness is typically higher than overall unemployment.
- Male unemployment is often slightly lower than female unemployment in the EU.
FAQs
Q: What does this economic trend measure?
A: This series tracks the unemployment rate among males aged 15-24 in the European Union. It is a harmonized measure across member states.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key indicator of overall labor market strength and economic performance. This metric allows for cross-country comparisons of joblessness among young male workers in the EU.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This unemployment rate is closely monitored by central banks, finance ministries, and international economic institutions to assess the strength of the EU's labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Aged 15-24: Males for the European Union (LFHU24MAEUA647N), retrieved from FRED.