Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Austria
LRUN24MAATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.43
Year-over-Year Change
0.80%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Austria measures the unemployment rate for Austrian men aged 15 to 24. This metric is a key indicator of youth labor market health and economic 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 series represents the seasonally adjusted unemployment rate for Austrian men between the ages of 15 and 24. It is an important statistic for assessing the challenges and opportunities facing young workers in the Austrian labor market.
Methodology
The data is collected through household and labor force surveys conducted by the Austrian national statistics agency.
Historical Context
Policymakers and economists use this metric to evaluate the effectiveness of youth employment programs and broader macroeconomic conditions.
Key Facts
- The average unemployment rate for Austrian men aged 15-24 was 8.4% in 2021.
- Youth unemployment is typically higher than the overall jobless rate in Austria.
- Austria has one of the lowest youth unemployment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted unemployment rate for Austrian men between the ages of 15 and 24.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is an important indicator of labor market health and economic conditions, especially for policymakers and economists studying the challenges facing young workers.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Austrian national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the effectiveness of youth employment programs and broader macroeconomic conditions in Austria.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Austria (LRUN24MAATA156S), retrieved from FRED.