Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Czechia
LFHU24TTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,416.67
Year-over-Year Change
-62.40%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the total monthly unemployment rate for individuals aged 15 to 24 in Czechia. Understanding youth unemployment is crucial for policymakers seeking to promote labor market participation and economic growth.
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 Total: From 15 to 24 Years for Czechia series tracks the number of unemployed persons in the 15-24 age group as a percentage of the total labor force in Czechia. This metric provides insights into the challenges facing young workers and informs workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the statistical office of Czechia.
Historical Context
This unemployment rate is widely used by economists, policymakers, and market analysts to assess the health of the Czech labor market.
Key Facts
- Czechia's youth unemployment rate is lower than the EU average.
- The unemployment rate for 15-24 year olds is typically higher than the overall unemployment rate.
- Youth unemployment is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly unemployment rate for individuals aged 15 to 24 in Czechia.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth unemployment is crucial for policymakers seeking to promote labor market participation and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical office of Czechia.
Q: How is this trend used in economic policy?
A: This unemployment rate is widely used by economists, policymakers, and market analysts to assess the health of the Czech labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Czechia (LFHU24TTCZA647N), retrieved from FRED.