Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Estonia
LREM24TTEEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.40
Year-over-Year Change
8.92%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the employment rate for individuals aged 15 to 24 in Estonia. It provides insight into the labor market participation of young adults, which is a key indicator of economic and social well-being.
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 for the 15-24 age group in Estonia represents the percentage of the working-age population in this demographic that is employed. This metric is closely watched by economists and policymakers to assess the labor market integration of young people, a critical factor in evaluating the overall health of the economy.
Methodology
The data is collected through household and labor force surveys conducted by the Estonian statistical agency.
Historical Context
Policymakers use this trend to inform youth employment initiatives and monitor the impacts of economic conditions on young workers.
Key Facts
- Estonia's youth employment rate is currently around 40%.
- The rate has fluctuated significantly over the past decade due to economic cycles.
- Youth unemployment is a persistent challenge for policymakers in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 15 to 24 in Estonia, providing insight into the labor market participation of young adults.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate is a key indicator of economic and social well-being, closely watched by economists and policymakers to assess the labor market integration of young people.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform youth employment initiatives and monitor the impacts of economic conditions on young workers.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in publication due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Estonia (LREM24TTEEA156N), retrieved from FRED.