Unemployment Rate - Enrolled in College 16-24 Yrs.
LNU04022996 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
-1.28%
Date Range
1/1/1985 - 7/1/2025
Summary
Tracks unemployment among college-enrolled young adults aged 16-24. Provides critical insight into youth labor market dynamics and educational engagement.
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 jobless individuals in the 16-24 age group who are simultaneously enrolled in college. It reflects intersections between education and employment.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess youth economic participation and educational workforce transitions.
Key Facts
- Reflects economic challenges for student workforce
- Indicates potential skill development gaps
- Helps predict future labor market trends
FAQs
Q: How does college enrollment impact unemployment rates?
A: College enrollment can temporarily increase unemployment as students prioritize education over immediate work.
Q: What factors influence this unemployment rate?
A: Economic conditions, part-time work opportunities, and academic commitments significantly impact student employment.
Q: How often is this data updated?
A: Monthly updates provide current snapshot of youth employment trends.
Q: Why is this statistic important?
A: Helps understand economic challenges and opportunities for young adults pursuing higher education.
Q: Does this include part-time student workers?
A: Includes unemployed students seeking work, regardless of part-time employment status.
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Citation
U.S. Federal Reserve, Unemployment Rate - Enrolled in College 16-24 Yrs. (LNU04022996), retrieved from FRED.