Harmonized Unemployment: Aged 15-24: Males for the European Union
LRHU24MAEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.98
Year-over-Year Change
-3.75%
Date Range
1/1/2000 - 1/1/2019
Summary
The Harmonized Unemployment: Aged 15-24: Males for the European Union measures the unemployment rate among young male workers in the EU. This metric is a key economic indicator for policymakers and analysts tracking labor market health and youth employment trends.
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 series represents the seasonally adjusted unemployment rate for males aged 15-24 across the European Union. It is part of the Harmonized Unemployment Rate, a standardized measure used to compare unemployment across EU member states.
Methodology
The data is collected through national labor force surveys and aggregated by Eurostat, the EU's statistical agency.
Historical Context
Policymakers and economists monitor this metric to assess the broader labor market and economic conditions affecting young workers.
Key Facts
- The EU's youth unemployment rate averaged 15.9% in 2022.
- Young males face higher unemployment than females in the EU.
- Southern EU states generally have higher youth unemployment.
FAQs
Q: What does this economic trend measure?
A: This series measures the seasonally adjusted unemployment rate for males aged 15-24 in the European Union, providing insight into labor market conditions for young workers.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key indicator of economic health and social well-being, so this metric is closely watched by policymakers, researchers, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and aggregated by Eurostat, the statistical agency of the European Union.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor this metric to assess labor market conditions and develop policies to support employment, particularly for young workers.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Aged 15-24: Males for the European Union (LRHU24MAEUA156S), retrieved from FRED.