Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Austria
LRHU24TTATM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.40
Year-over-Year Change
7.55%
Date Range
1/1/1994 - 5/1/2025
Summary
The Monthly Unemployment Rate Total: From 15 to 24 Years for Austria measures the percentage of the Austrian labor force aged 15 to 24 who are unemployed. This statistic is a key indicator of youth joblessness and labor market conditions.
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 tracks the monthly unemployment rate for young Austrians between the ages of 15 and 24. It provides insight into the challenges facing this demographic group as they enter the workforce and is closely monitored by policymakers and economists.
Methodology
The data is collected through household labor force surveys conducted by Austria's national statistics agency.
Historical Context
The youth unemployment rate is a crucial metric for evaluating the health of Austria's labor market and the effectiveness of policies aimed at promoting youth employment.
Key Facts
- Austria's youth unemployment rate averaged 9.6% in 2022.
- Young workers are more vulnerable to labor market fluctuations.
- Reducing youth unemployment is a key policy priority in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Austrian individuals aged 15 to 24, providing insight into youth joblessness in the country.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial indicator of labor market conditions and the challenges facing young workers as they enter the workforce, making it highly relevant for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by Austria's national statistics agency.
Q: How is this trend used in economic policy?
A: The youth unemployment rate is closely monitored by policymakers in Austria, as it informs policies and programs aimed at promoting youth employment and addressing the unique challenges faced by young workers.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical update delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Austria (LRHU24TTATM156S), retrieved from FRED.