Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Switzerland
LRAC24TTCHQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.52
Year-over-Year Change
-1.35%
Date Range
4/1/1998 - 1/1/2025
Summary
The labor force participation rate for those aged 15 to 24 in Switzerland provides insight into youth employment and economic activity levels.
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 indicator tracks the percentage of the Swiss population aged 15 to 24 who are currently employed or actively seeking work. It offers valuable data on the labor market engagement of younger demographics.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
Policymakers monitor this trend to understand youth employment trends and develop targeted economic policies.
Key Facts
- The current labor force participation rate for 15-24 year olds in Switzerland is 61.8%.
- Switzerland has one of the highest youth labor force participation rates in Europe.
- The rate has declined from a high of 67.5% in 2010.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the Swiss population aged 15 to 24 who are currently employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force participation rate offers valuable insights into employment levels and economic activity among younger demographics, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to understand youth employment trends and develop targeted economic policies to support young workers.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Switzerland (LRAC24TTCHQ156S), retrieved from FRED.