Annual, Not Seasonally Adjusted
LRHU24FEG7A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
-11.67%
Date Range
1/1/2004 - 1/1/2016
Summary
This trend measures the annual, not seasonally adjusted unemployment rate for persons aged 24 and under in the United States. It provides important 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
The annual, not seasonally adjusted unemployment rate for persons aged 24 and under is a key economic indicator used to assess the state of the youth labor market. It offers a high-level view of employment conditions and challenges faced by younger workers.
Methodology
The data is collected through the U.S. Current Population Survey and calculated as a 12-month average unemployment rate.
Historical Context
Policymakers and analysts closely monitor this trend to understand workforce participation and inform decisions around education, training, and labor market programs.
Key Facts
- The annual, not seasonally adjusted unemployment rate for persons aged 24 and under was 8.1% in 2022.
- This trend has declined from a high of 18.3% in 2010 during the Great Recession.
- Young workers often face disproportionate challenges in the labor market compared to older cohorts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate for persons aged 24 and under in the United States.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a key indicator of labor market conditions and workforce participation for younger workers, which is crucial for informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and calculated as a 12-month average unemployment rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand workforce participation and inform decisions around education, training, and labor market programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24FEG7A156S), retrieved from FRED.