Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Portugal
LRUN24FEPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.38
Year-over-Year Change
-43.42%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the unemployment rate for females aged 15 to 24 years in Portugal. It provides key insights into the labor market and informs policymakers on youth employment dynamics.
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
The Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Portugal tracks the percentage of the female labor force aged 15 to 24 who are jobless but actively seeking employment in Portugal. This metric is an important indicator of youth labor market health and socioeconomic well-being.
Methodology
The data is collected through household surveys conducted by Portugal's National Statistical Institute.
Historical Context
This unemployment rate trend is used by economists, policymakers, and labor market analysts to evaluate the effectiveness of youth employment programs and guide policy decisions.
Key Facts
- Portugal's female youth unemployment rate averaged 24.5% from 2010-2020.
- Youth unemployment is over 2.5 times higher than the overall unemployment rate in Portugal.
- The female youth unemployment rate in Portugal is consistently higher than the male rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for females aged 15 to 24 years in Portugal. It provides insights into youth labor market dynamics and participation.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is an important indicator of youth labor market health and socioeconomic well-being, used by economists and policymakers to evaluate employment programs and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Portugal's National Statistical Institute.
Q: How is this trend used in economic policy?
A: This unemployment rate trend is used by economists, policymakers, and labor market analysts to evaluate the effectiveness of youth employment programs and guide policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or updates due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Portugal (LRUN24FEPTA156N), retrieved from FRED.