Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Brazil
LRAC24TTBRM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.13
Year-over-Year Change
-4.16%
Date Range
3/1/2002 - 11/1/2015
Summary
The Labor Force Participation Rate Total: From 15 to 24 Years for Brazil measures the percentage of the Brazilian population aged 15 to 24 that is actively employed or seeking work. This key labor market indicator provides insights into youth employment trends and economic activity.
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 infra-annual labor statistic tracks the labor force participation rate for young Brazilians, which is an important measure of economic health and labor market dynamics. It is used by policymakers, economists, and analysts to assess employment, economic growth, and workforce development.
Methodology
The data is collected through household surveys conducted by the Brazilian statistical agency.
Historical Context
This labor force participation rate is a critical input for evaluating Brazil's economic performance and informing policy decisions.
Key Facts
- Brazil's youth labor force participation rate was 55.7% in 2021.
- Youth labor force participation has declined in Brazil over the past decade.
- Tracking this metric is crucial for understanding Brazil's economic trajectory.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Brazilian population aged 15 to 24 that is either employed or actively seeking work, providing insights into youth labor market participation.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force participation rate is a key indicator of economic health and workforce dynamics, informing policy decisions and assessments of Brazil's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Brazilian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this labor force participation rate to evaluate employment, economic growth, and workforce development in Brazil.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Brazil (LRAC24TTBRM156S), retrieved from FRED.