Unemployed Population: Aged 15-24: Total for the Euro Area (19 Countries)
LFUN24TTEZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,257,725.00
Year-over-Year Change
-36.96%
Date Range
1/1/2005 - 1/1/2022
Summary
The Unemployed Population: Aged 15-24: Total for the Euro Area (19 Countries) measures the number of unemployed individuals between the ages of 15 and 24 in the Euro Area. This statistic is a key indicator of youth unemployment trends within the region.
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
This economic indicator provides insight into labor market conditions for young adults in the Eurozone. It is used by policymakers, economists, and analysts to assess the overall health of the regional economy and inform employment policies targeting youth employment.
Methodology
The data is collected through national labor force surveys in Eurozone member states.
Historical Context
Trends in youth unemployment are closely monitored by the European Central Bank and European Commission to guide economic and social policies.
Key Facts
- Youth unemployment rate in the Eurozone was 15.1% as of December 2022.
- Unemployment among 15-24 year olds is typically higher than the overall jobless rate.
- Spain, Greece, and Italy have the highest youth unemployment levels in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total number of unemployed individuals aged 15 to 24 in the 19 countries that make up the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key metric for assessing labor market conditions and economic health in the Eurozone. Monitoring this statistic helps inform policymaking aimed at supporting young workers.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted in each of the 19 Eurozone member states.
Q: How is this trend used in economic policy?
A: Eurozone institutions like the ECB and European Commission closely track youth unemployment to guide policies and programs targeting youth employment and workforce development.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 4-6 weeks. There may be slight variations in data collection and reporting across different Eurozone countries.
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Citation
U.S. Federal Reserve, Unemployed Population: Aged 15-24: Total for the Euro Area (19 Countries) (LFUN24TTEZA647N), retrieved from FRED.