Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark
LREM24TTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.03
Year-over-Year Change
14.89%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the employment rate for individuals aged 15 to 24 years in Denmark. It provides important insights into youth labor market dynamics and economic opportunity for younger 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 Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark is a key indicator of labor market engagement and labor force participation among Danish youth. It is widely used by economists and policymakers to assess the strength of the economy and the effectiveness of programs aimed at fostering youth employment.
Methodology
This data is collected through household surveys conducted by Statistics Denmark.
Historical Context
The employment rate for young workers is a critical input for guiding economic and social policies in Denmark.
Key Facts
- Denmark has one of the highest youth employment rates in Europe.
- The youth employment rate is a leading indicator of economic opportunity.
- Stable youth employment is linked to better long-term labor market outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 15 to 24 years in Denmark, providing insights into youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate is a critical indicator of economic opportunity and labor market strength, guiding policymakers and economists in Denmark.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The youth employment rate is a key input for guiding economic and social policies aimed at fostering labor market engagement and opportunity for younger workers in Denmark.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for minor delays in release.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark (LREM24TTDKA156N), retrieved from FRED.