Unemployment Rate - 20-24 Yrs.
LNS14000036 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
2.60%
Date Range
1/1/1948 - 7/1/2025
Summary
The Unemployment Rate for 20-24 Year Olds tracks job market challenges for young adults entering the workforce. It provides critical insights into early career opportunities.
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 metric measures the percentage of unemployed workers aged 20-24 actively seeking employment. It reflects entry-level job market conditions.
Methodology
Data collected through monthly household surveys by the Bureau of Labor Statistics.
Historical Context
Used by educators and policymakers to understand youth employment trends.
Key Facts
- Captures early career job market challenges
- Indicates economic opportunities for young adults
- Reflects post-education employment trends
FAQs
Q: How is the 20-24 age group unemployment rate calculated?
A: Calculated by dividing unemployed workers aged 20-24 by total labor force in that age group.
Q: Why track unemployment for this age group?
A: Provides insights into early career challenges and economic opportunities for young adults.
Q: How often is this data updated?
A: Monthly updates provide current snapshot of youth employment trends.
Q: What factors impact this unemployment rate?
A: Education, economic conditions, industry demand, and skill development influence the rate.
Q: How does this rate compare to other age groups?
A: Allows comparison of youth employment with broader labor market trends.
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Citation
U.S. Federal Reserve, Unemployment Rate - 20-24 Yrs. (LNS14000036), retrieved from FRED.