Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Estonia
LRHU24MAEEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.98
Year-over-Year Change
-18.47%
Date Range
1/1/2000 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Estonia measures the unemployment rate for young men in Estonia on a monthly basis.
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 economic indicator provides insights into the labor market participation and job prospects for a key demographic group in Estonia. Economists and policymakers use this data to assess the overall health of the Estonian economy and inform targeted employment initiatives.
Methodology
The data is collected through household surveys conducted by the Estonian Statistical Office.
Historical Context
This trend is closely monitored by the Estonian government and the European Union to guide labor market policies.
Key Facts
- Estonia's youth unemployment rate is typically higher than the overall unemployment rate.
- Young men often face greater barriers to employment compared to young women in Estonia.
- The COVID-19 pandemic has significantly impacted youth employment in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Estonian men between the ages of 15 and 24 years old.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the labor market challenges faced by young adults in Estonia, which is crucial for developing effective employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Estonian Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the labor market, identify areas for improvement, and implement targeted initiatives to support youth employment in Estonia.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in the publication of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Estonia (LRHU24MAEEA156N), retrieved from FRED.