Unemployment Rate: Aged 15-24: Males for the European Union
LRUN24MAEUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.61
Year-over-Year Change
-22.69%
Date Range
1/1/2005 - 10/1/2019
Summary
The Unemployment Rate: Aged 15-24: Males for the European Union tracks the percentage of males aged 15-24 who are unemployed in the EU. This statistic is an important 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 share of the male labor force aged 15-24 in the European Union who are unemployed. It provides insights into the challenges young men face entering the workforce and is a key metric for assessing the strength of the regional economy.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions around employment, education, and social programs.
Key Facts
- Youth unemployment is typically higher than overall unemployment.
- The EU's youth unemployment rate is persistently above the OECD average.
- Long-term unemployment can have significant economic and social impacts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of males aged 15-24 in the European Union labor force who are unemployed.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key indicator of economic health and the strength of the labor market. Tracking this metric helps policymakers and economists assess the challenges facing young workers.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and institutions to inform decisions around employment, education, and social programs aimed at supporting young workers.
Q: Are there update delays or limitations?
A: There may be some delays in data availability due to the time required for Eurostat to conduct and process the labor force surveys.
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Citation
U.S. Federal Reserve, Unemployment Rate: Aged 15-24: Males for the European Union (LRUN24MAEUQ156S), retrieved from FRED.