Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Austria
LFUN24MAATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,871.52
Year-over-Year Change
22.65%
Date Range
1/1/1999 - 1/1/2025
Summary
This trend measures the unemployment rate for Austrian males aged 15 to 24 years. It provides insights into youth employment dynamics, which are crucial for understanding labor market conditions and economic development.
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: Unemployment Male: From 15 to 24 Years for Austria trend tracks the short-term fluctuations in unemployment among young Austrian men. This data is valuable for policymakers, economists, and labor market analysts seeking to monitor and address youth unemployment issues.
Methodology
The data is collected through national labor force surveys conducted by the Austrian statistical agency.
Historical Context
This trend is widely used to inform economic policies and labor market interventions aimed at promoting youth employment and workforce participation.
Key Facts
- Austria's youth unemployment rate for males aged 15-24 was 9.2% in 2021.
- Youth unemployment is a persistent challenge in Austria, with rates typically higher than the overall unemployment level.
- Addressing youth unemployment is a key priority for the Austrian government's economic and social policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Austrian males aged 15 to 24 years, providing insights into youth employment dynamics in the country.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a crucial indicator of labor market health and economic development, making this trend valuable for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic policies and labor market interventions aimed at promoting youth employment and workforce participation in Austria.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be some delays in publication due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Austria (LFUN24MAATQ647S), retrieved from FRED.