Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Portugal
LRAC24TTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.68
Year-over-Year Change
-5.45%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the labor force participation rate for individuals aged 15 to 24 in Portugal. It provides insights into the level of economic activity and labor market engagement among young workers.
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
The labor force participation rate represents the percentage of the working-age population that is employed or actively seeking employment. This metric is a key indicator of labor market dynamics and the economic health of a country.
Methodology
The data is collected through household surveys conducted by the Portuguese statistical agency.
Historical Context
Policymakers and economists analyze this trend to understand labor market trends and inform workforce development initiatives.
Key Facts
- The current labor force participation rate for 15-24 year olds in Portugal is 42.7%.
- Portugal's youth labor force participation has declined by 3.2 percentage points over the past decade.
- Declining youth participation can signal economic challenges for a country's future workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for individuals aged 15 to 24 in Portugal. It represents the percentage of the working-age population in this age group that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force participation rate is a key indicator of a country's labor market dynamics and the engagement of young workers in the economy. It provides insights that can inform workforce development policies and economic projections.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand labor market trends and inform workforce development initiatives that aim to support young workers and foster economic growth.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delays in the most recent information. Additionally, survey-based metrics can be subject to sampling and methodological limitations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Portugal (LRAC24TTPTA156N), retrieved from FRED.