Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Spain
LFUN24TTESQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
466,157.80
Year-over-Year Change
-0.54%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 24 years in Spain. It provides important insights into youth labor market dynamics.
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 Spain trend tracks the seasonally adjusted percentage of the labor force aged 15 to 24 that is unemployed in Spain. This data is a key indicator of economic conditions and the health of the youth labor market.
Methodology
The data is collected through household surveys conducted by the Spanish national statistical agency.
Historical Context
This unemployment rate is used by policymakers, economists, and market analysts to assess the overall strength of the Spanish economy.
Key Facts
- Spain's youth unemployment rate averaged over 30% in the last decade.
- High youth unemployment is a persistent challenge for the Spanish economy.
- The 15-24 age group has consistently experienced higher joblessness than the overall labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 24 years in Spain. It provides insights into the labor market dynamics for the youth population.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key indicator of overall economic health and prospects. This data is closely monitored by policymakers, economists, and market participants to assess the strength of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Spanish national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this youth unemployment rate to inform labor market policies, training programs, and other interventions aimed at addressing high joblessness among young Spaniards.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delays in publication compared to the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Spain (LFUN24TTESQ647S), retrieved from FRED.