Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States
LRUN24TTUSM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
12.36%
Date Range
1/1/1955 - 6/1/2025
Summary
The Unemployment Rate Total: From 15 to 24 Years for United States measures the percentage of the labor force aged 15 to 24 who are without jobs but actively seeking work. This key metric provides insight into the employment prospects and economic opportunities available to young workers.
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 labor force statistic represents the unemployment rate for the 15 to 24 year old demographic in the United States. It is a valuable indicator of labor market conditions and the economic well-being of young adults, who often face unique challenges in finding and securing employment.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this trend to assess the state of the youth labor market and inform decisions around workforce development programs and economic policies.
Key Facts
- The youth unemployment rate is typically higher than the overall unemployment rate.
- Youth unemployment can have long-term consequences for career prospects and earnings.
- Tracking this metric helps identify areas for policy intervention to support young workers.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States measures the percentage of the labor force aged 15 to 24 who are unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the employment prospects and economic opportunities available to young workers, which is crucial for assessing the health of the labor market and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the state of the youth labor market and inform decisions around workforce development programs and economic policies aimed at supporting young workers.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to potential revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States (LRUN24TTUSM156S), retrieved from FRED.