Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Austria
LFUN24TTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,296.74
Year-over-Year Change
41.60%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 24 in Austria. Understanding youth unemployment is crucial for policymakers assessing labor market dynamics and the economic well-being of young adults.
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 Total: From 15 to 24 Years for Austria data series tracks the quarterly unemployment rate for Austrian citizens between the ages of 15 and 24. This metric provides important insights into the challenges facing young workers and the overall health of the Austrian labor market.
Methodology
The data is collected through household surveys conducted by the Austrian national statistical agency.
Historical Context
Policymakers and economists use this data to evaluate the effectiveness of labor policies and monitor the economic integration of young adults.
Key Facts
- Austria's youth unemployment rate averaged 10.3% from 2010 to 2022.
- Unemployment is higher among young adults than the overall population.
- Youth unemployment is a key indicator of economic opportunity and social mobility.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total unemployment rate for Austrian citizens aged 15 to 24 years old on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a crucial indicator of labor market health and economic opportunity for young adults. Policymakers and economists use this data to assess the effectiveness of policies aimed at integrating young workers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian national statistical agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this data to evaluate labor market dynamics, monitor the economic well-being of young adults, and inform policies aimed at promoting youth employment and economic inclusion.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Austria (LFUN24TTATQ647S), retrieved from FRED.