Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Switzerland
LRHU24TTCHQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.38
Year-over-Year Change
20.01%
Date Range
4/1/1998 - 1/1/2025
Summary
The monthly unemployment rate for individuals aged 15 to 24 in Switzerland measures the percentage of the labor force in this age group who are unemployed but actively seeking work.
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 labor force statistic provides key insights into the employment dynamics of young workers in the Swiss economy. It is a widely tracked indicator used by policymakers and economists to assess the health and opportunities of the youth labor market.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
Trends in youth unemployment can inform policy decisions related to education, training, and labor market initiatives.
Key Facts
- The youth unemployment rate in Switzerland is historically lower than the OECD average.
- Switzerland has one of the lowest youth unemployment rates in Europe.
- Apprenticeship programs are a key factor in Switzerland's low youth joblessness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 to 24 in Switzerland. It represents the percentage of the labor force in this age group who are unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial indicator of labor market opportunities and economic prospects for young workers. It informs policymakers and economists about the health and dynamics of the youth labor market in Switzerland.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in youth unemployment can inform policy decisions related to education, training, and labor market initiatives aimed at supporting young workers and facilitating their transition into the workforce.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with typical update delays of several weeks. As a household survey, the data may be subject to sampling and reporting limitations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Switzerland (LRHU24TTCHQ156S), retrieved from FRED.