Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Ireland
LREM24MAIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
47.81%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic indicator measures the employment rate for males aged 15 to 24 in Ireland. It provides insight into youth labor market dynamics and economic opportunity for a key demographic.
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 Employment Rate Male: From 15 to 24 Years for Ireland tracks the percentage of the male population aged 15 to 24 who are currently employed. This metric is used to analyze trends in youth employment and labor force participation.
Methodology
The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers and economists monitor this indicator to assess the health of the Irish labor market and inform policies aimed at promoting youth employment.
Key Facts
- Ireland's male youth employment rate averaged 51.5% from 2010-2019.
- The employment rate for this group fell sharply during the 2008 financial crisis.
- Youth unemployment is a key economic challenge facing many developed economies.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of males aged 15 to 24 in Ireland who are currently employed.
Q: Why is this trend relevant for users or analysts?
A: The male youth employment rate provides insights into labor market opportunities and challenges for a key demographic in the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the health of the Irish labor market and inform policies aimed at promoting youth employment.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, so there may be some delays in availability compared to more frequently updated labor market indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Ireland (LREM24MAIEA156N), retrieved from FRED.