Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Denmark
LRAC24TTDKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.09
Year-over-Year Change
13.44%
Date Range
1/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate for Danes aged 15 to 24 years tracks the active working-age population, providing insights into youth employment trends and labor market dynamics.
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 economic indicator measures the percentage of the Danish population aged 15-24 who are employed or actively seeking work. It offers valuable insights into youth engagement in the labor force, a key consideration for policymakers focused on economic development and workforce trends.
Methodology
The data is collected through household surveys conducted by Statistics Denmark.
Historical Context
Policymakers and analysts use this metric to assess labor market health and inform employment policies targeting young workers.
Key Facts
- Denmark's youth labor force participation rate was 58.8% in 2021.
- The rate has declined from a high of 72.7% in 2006.
- Declining youth participation can signal economic challenges for young workers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of Denmark's population aged 15-24 who are employed or actively seeking work, providing insights into youth labor force participation.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force participation rate is a key metric for assessing the labor market health and economic opportunities available to young workers in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform employment policies and programs targeting young workers in Denmark.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, so there may be some delay in the most recent figures.
Related Trends
Consumer Price Index: Food for Denmark
DNKCPIFODMINMEI
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Denmark
IRSTCI01DKM156N
Infra-Annual Labor Statistics: Employment Rate Female: From 55 to 64 Years for Denmark
LREM55FEDKQ156S
Bank's Return on Equity for Denmark
DDEI06DKA156NWDB
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Denmark
DNKPRINTO01IXOBM
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Denmark
LRAC74TTDKA156N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Denmark (LRAC24TTDKQ156S), retrieved from FRED.