Unemployment Rate - 20-24 Yrs., Men
LNS14000037 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
5.06%
Date Range
1/1/1948 - 7/1/2025
Summary
Tracks unemployment for young adult men aged 20-24. Provides critical insight into early career labor market challenges and economic entry barriers.
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 unemployment rate measures jobless individuals actively seeking work within a specific demographic group. It reflects economic opportunities for young male workers.
Methodology
Bureau of Labor Statistics surveys households monthly to calculate unemployment statistics.
Historical Context
Used by policymakers to assess youth employment trends and economic intervention strategies.
Key Facts
- Reflects economic opportunities for 20-24 year old men
- Indicates potential workforce development needs
- Sensitive to economic cycle fluctuations
FAQs
Q: Why is the unemployment rate for young men important?
A: It signals economic health and potential challenges for workforce entry. Helps identify labor market trends.
Q: How often is this data updated?
A: Monthly by the Bureau of Labor Statistics. Provides current snapshot of youth employment.
Q: What factors influence this unemployment rate?
A: Economic conditions, education levels, and industry demand significantly impact young male employment.
Q: How does this rate compare to other age groups?
A: Typically higher than mid-career groups due to less work experience and economic entry barriers.
Q: Can this data predict economic trends?
A: Serves as leading indicator of economic health and potential workforce development challenges.
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Citation
U.S. Federal Reserve, Unemployment Rate - 20-24 Yrs., Men (LNS14000037), retrieved from FRED.