Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Portugal
LRUN24TTPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.63
Year-over-Year Change
-43.27%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Portugal measures the unemployment rate for Portuguese individuals aged 15 to 24. This statistic is a key indicator of youth labor market conditions and economic opportunity.
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 Portuguese labor force aged 15 to 24 who are actively seeking work but unable to find employment. It is a widely tracked metric for assessing the overall health and inclusivity of the Portuguese economy.
Methodology
The data is collected through national labor force surveys conducted by the Portuguese government.
Historical Context
Policymakers and economists closely monitor this youth unemployment rate to evaluate the effectiveness of labor market policies and social programs.
Key Facts
- Portugal's youth unemployment rate is nearly double the overall unemployment rate.
- Youth unemployment is a persistent challenge across the Eurozone.
- Reducing youth joblessness is a key policy priority for the Portuguese government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate specifically for Portuguese individuals aged 15 to 24 years old.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial indicator of labor market conditions and economic opportunity for younger workers.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Portuguese government.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this youth unemployment rate to evaluate the effectiveness of labor market policies and social programs.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Portugal (LRUN24TTPTA156S), retrieved from FRED.