Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Australia
Monthly, Seasonally Adjusted
LFHU24TTAUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
259,304.90
Year-over-Year Change
12.82%
Date Range
2/1/1978 - 6/1/2025
Summary
This series measures the monthly, seasonally adjusted unemployment rate for the population aged 24 years and over in the United States. It is a key economic indicator closely tracked by 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
The monthly, seasonally adjusted unemployment rate for those aged 24 and over provides insights into the overall health of the U.S. labor market. This metric is used to assess employment trends, identify potential areas of economic concern, and inform policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for Federal Reserve monetary policy and congressional fiscal policy deliberations.
Key Facts
- The unemployment rate for those aged 24 and over was 3.5% in June 2022.
- The rate has declined significantly from a peak of 13.0% in April 2020 during the COVID-19 pandemic.
- Unemployment rates tend to be lower for older workers compared to younger age groups.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly, seasonally adjusted unemployment rate for the U.S. population aged 24 years and over.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate for those aged 24 and over is a key indicator of labor market health and a crucial input for economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve monetary policy and congressional fiscal policy deliberations.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LFHU24TTAUM647S), retrieved from FRED.