Unemployment Rate - Not Enrolled in School, 20-24 Yrs.
LNU04023020 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
2.35%
Date Range
1/1/1985 - 7/1/2025
Summary
Tracks unemployment among young adults aged 20-24 who are not in school. Provides critical insight into early career labor market challenges.
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 joblessness for young non-student adults, reflecting entry-level job market conditions and economic opportunities.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to assess youth employment strategies and economic transition challenges.
Key Facts
- Reflects early career employment challenges
- Excludes students in calculation
- Important economic mobility indicator
FAQs
Q: What does this unemployment rate measure?
A: Tracks joblessness for non-student adults aged 20-24. Excludes those currently enrolled in educational programs.
Q: Why is this unemployment rate important?
A: Indicates economic opportunities for young adults entering workforce. Helps assess labor market health.
Q: How is this rate different from general unemployment?
A: Specifically focuses on non-student young adults, providing targeted labor market insights.
Q: What factors influence this unemployment rate?
A: Economic conditions, industry demand, education levels, and workforce training impact young adult employment.
Q: How often is this data updated?
A: Monthly data release through Bureau of Labor Statistics Current Population Survey.
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Citation
U.S. Federal Reserve, Unemployment Rate - Not Enrolled in School, 20-24 Yrs. (LNU04023020), retrieved from FRED.