Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal
LFUN24TTPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,225.00
Year-over-Year Change
-48.51%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 24 years in Portugal. It provides important insights into the labor market conditions and economic opportunities facing the country's youth population.
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 Portugal indicator tracks the percentage of the labor force aged 15 to 24 who are unemployed. This metric is a key barometer of economic health and labor market dynamics, particularly for assessing the challenges facing young workers.
Methodology
The data is collected through national labor force surveys conducted by the Portuguese government.
Historical Context
This unemployment rate is closely monitored by policymakers and analysts to inform economic and social policies aimed at promoting youth employment and development.
Key Facts
- Portugal's youth unemployment rate averaged over 20% in the past decade.
- High youth unemployment is linked to increased social and economic challenges.
- Reducing youth joblessness is a key policy priority for the Portuguese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 24 years in Portugal, providing insights into labor market conditions for the country's youth population.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a critical indicator of economic health and social wellbeing, informing policies aimed at promoting youth employment and development.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Portuguese government.
Q: How is this trend used in economic policy?
A: This unemployment rate is closely monitored by policymakers to inform economic and social policies targeting youth employment and opportunity.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, so there may be some delay in availability compared to more frequently updated labor market indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal (LFUN24TTPTA647N), retrieved from FRED.