Harmonized Unemployment: Aged 15-24: All Persons for the European Union
LRHU24TTEUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.40
Year-over-Year Change
-4.00%
Date Range
1/1/2000 - 1/1/2020
Summary
The Harmonized Unemployment: Aged 15-24: All Persons for the European Union measures the unemployment rate among young adults across the EU. This key labor market indicator provides insights into economic conditions and workforce participation for policymakers.
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 harmonized unemployment rate tracks the percentage of the labor force aged 15-24 who are without jobs but actively seeking work across the European Union. It is a standardized measure used to compare youth joblessness trends across member states.
Methodology
The data is collected through household labor force surveys conducted by national statistical agencies.
Historical Context
The youth unemployment rate is closely monitored by EU institutions and central banks to inform economic and labor market policies.
Key Facts
- The EU youth unemployment rate averaged 15.9% in 2021.
- Spain had the highest youth jobless rate at 33.6% in 2021.
- Germany had the lowest EU youth unemployment at 5.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Unemployment: Aged 15-24: All Persons for the European Union measures the percentage of the labor force aged 15-24 who are unemployed but actively seeking work across the EU.
Q: Why is this trend relevant for users or analysts?
A: This standardized youth unemployment rate is a key indicator of economic conditions and labor market health, providing insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by national statistical agencies across the European Union.
Q: How is this trend used in economic policy?
A: The EU youth unemployment rate is closely monitored by institutions like the European Commission and European Central Bank to inform labor market and economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Aged 15-24: All Persons for the European Union (LRHU24TTEUM156N), retrieved from FRED.