Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LREM24MALUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.98
Year-over-Year Change
28.37%
Date Range
1/1/2003 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate for men aged 24 and over in the United States. It is a key indicator of labor market conditions and economic performance.
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 annual, seasonally adjusted unemployment rate for men aged 24 and over is a widely followed economic metric that provides insight into the health of the U.S. labor market. It is used by policymakers, economists, and analysts to assess employment trends and make informed decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This unemployment rate trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy and employment initiatives.
Key Facts
- The annual, seasonally adjusted unemployment rate for men aged 24 and over reached a high of 12.4% in 2010 during the Great Recession.
- In 2022, the annual, seasonally adjusted unemployment rate for this group was 3.2%, indicating a strong labor market recovery.
- This unemployment rate series has been tracked by the Federal Reserve since the 1950s as a key barometer of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate for men aged 24 and over in the United States. It provides a snapshot of labor market conditions for this demographic.
Q: Why is this trend relevant for users or analysts?
A: The annual, seasonally adjusted unemployment rate for men aged 24 and over is a widely followed economic indicator that offers insights into the overall health of the U.S. labor market. It is used by policymakers, economists, and analysts to assess employment trends and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy and employment initiatives, as it provides valuable insights into the state of the labor market.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate for men aged 24 and over is updated monthly by the Bureau of Labor Statistics, with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24MALUA156S), retrieved from FRED.