Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Ireland
LRHU24FEIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.22
Year-over-Year Change
-56.42%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic indicator tracks the monthly unemployment rate among females aged 15 to 24 in Ireland. It provides important insights into the labor market participation and job prospects for young women in the country.
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: Monthly Unemployment Rate Female: From 15 to 24 Years for Ireland series measures the proportion of the female labor force aged 15 to 24 that is currently unemployed in Ireland. This metric is widely used by economists and policymakers to assess the health and opportunities within the youth labor market.
Methodology
The data is collected through national household labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
This unemployment rate trend is closely monitored by the Irish government and the European Union to inform economic and social policies.
Key Facts
- Ireland's female youth unemployment rate averaged 15.5% in 2021.
- The rate peaked at 37.4% during the 2008-2009 financial crisis.
- Youth unemployment is a key concern for policymakers in addressing economic inequality.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly unemployment rate among females aged 15 to 24 in Ireland. It provides insights into the labor market participation and job prospects for young women in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the health and opportunities within the youth labor market, which is a key concern for addressing economic inequality and supporting workforce development.
Q: How is this data collected or calculated?
A: The data is collected through national household labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is closely monitored by the Irish government and the European Union to inform economic and social policies aimed at supporting youth employment and addressing labor market challenges.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. There may be limitations in fully capturing informal or unregistered employment among young women.
Related Trends
Gross National Income for Ireland
MKTGNIIEA646NWDB
Consumer Price Index for Ireland
DDOE01IEA086NWDB
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland
LFEM55TTIEA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Ireland
IRLCP110000IXOBM
Harmonized Index of Consumer Prices: Bread and Cereals for Ireland
CP0111IEM086NEST
Liquid Liabilities to GDP for Ireland
DDDI05IEA156NWDB
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Ireland (LRHU24FEIEA156N), retrieved from FRED.