Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Portugal
LRUN24MAPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.98
Year-over-Year Change
-43.67%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Portugal tracks the unemployment rate for young Portuguese men aged 15-24. This metric is a key indicator of labor market conditions and economic opportunity for a critical demographic.
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 data series represents the percentage of Portuguese men aged 15-24 who are unemployed and actively seeking work. Monitoring youth unemployment is important for policymakers and economists to understand the challenges facing young workers and ensure effective labor market policies.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
The unemployment rate for young Portuguese men is used to assess the overall health of the labor market and guide economic and social policies.
Key Facts
- The current unemployment rate for Portuguese men aged 15-24 is 17.8%.
- Youth unemployment is typically higher than the overall jobless rate.
- Portugal has made progress in reducing youth unemployment since the financial crisis.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the unemployment rate for Portuguese men aged 15-24, providing a key indicator of labor market conditions and opportunities for young workers.
Q: Why is this trend relevant for users or analysts?
A: Monitoring youth unemployment is crucial for policymakers and economists to understand the challenges facing young workers and develop effective labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Portugal's national statistical agency.
Q: How is this trend used in economic policy?
A: The unemployment rate for young Portuguese men is used to assess the overall health of the labor market and guide economic and social policies.
Q: Are there update delays or limitations?
A: The data is published on a regular, timely basis, but may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Portugal (LRUN24MAPTA156N), retrieved from FRED.