Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Portugal
LRHU24MAPTM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.40
Year-over-Year Change
-21.62%
Date Range
1/1/1983 - 5/1/2025
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Portugal tracks the unemployment rate among young Portuguese men aged 15 to 24 on a monthly basis. This metric is crucial for understanding labor market dynamics and informing policymaking.
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 measures the percentage of the Portuguese male labor force aged 15 to 24 who are unemployed and actively seeking work. It provides granular, timely data on youth unemployment, which is a key barometer of economic and social conditions.
Methodology
The data is collected through household surveys conducted by the Portuguese National Statistics Institute.
Historical Context
This unemployment rate is closely monitored by economists, policymakers, and international institutions to assess the health of the Portuguese labor market and inform economic and social policies.
Key Facts
- Portugal's youth unemployment rate is one of the highest in the European Union.
- The unemployment rate for young Portuguese men is consistently higher than the overall national rate.
- Reducing youth unemployment is a key policy priority for the Portuguese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate among Portuguese males aged 15 to 24 years old, providing insights into the labor market experiences of young workers.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a crucial indicator of economic and social conditions, as high rates can signal broader labor market challenges and have significant implications for economic growth and social stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and institutions closely monitor this unemployment rate to assess the health of the Portuguese labor market and inform economic and social policies aimed at promoting employment and supporting young workers.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, providing timely insights into the labor market, but may be subject to revisions and limitations inherent in household survey data collection.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Portugal (LRHU24MAPTM156S), retrieved from FRED.