Employment Rate: Aged 15-24: All Persons for the European Union
LREM24TTEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.84
Year-over-Year Change
5.45%
Date Range
1/1/2005 - 10/1/2019
Summary
The Employment Rate: Aged 15-24: All Persons for the European Union measures the percentage of the population aged 15-24 who are employed. This key economic indicator provides insights into youth labor market dynamics.
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
This employment rate metric represents the percentage of the European Union's population aged 15-24 who are currently employed. It serves as an important measure of economic health and labor force participation among young workers.
Methodology
The data is collected through surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
The employment rate for young people is closely monitored by policymakers and economists to assess labor market conditions and inform workforce development initiatives.
Key Facts
- The EU's youth employment rate averaged 35.4% in 2021.
- Youth unemployment is often higher than the overall unemployment rate.
- Employment rates vary significantly across EU member states.
FAQs
Q: What does this economic trend measure?
A: The Employment Rate: Aged 15-24: All Persons for the European Union measures the percentage of the population aged 15-24 who are employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the labor market dynamics and economic health for young workers in the European Union.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: The youth employment rate is closely monitored by policymakers and economists to assess labor market conditions and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for delays in reporting.
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Citation
U.S. Federal Reserve, Employment Rate: Aged 15-24: All Persons for the European Union (LREM24TTEUQ156S), retrieved from FRED.