Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States
LRUN24TTUSQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.87
Year-over-Year Change
21.81%
Date Range
1/1/1955 - 4/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States measures the unemployment rate among individuals aged 15 to 24 in the United States. This statistic is crucial for understanding labor market dynamics and informing economic policymaking.
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 economic indicator provides a snapshot of the employment situation for young adults in the U.S. labor force. It is a valuable data point for analyzing trends in youth unemployment, which can have significant implications for economic growth, workforce development, and social welfare.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate is closely monitored by policymakers, economists, and labor market analysts to assess the overall health of the economy and inform decisions on employment, education, and social policies.
Key Facts
- The U.S. youth unemployment rate averaged 11.1% in 2022.
- Youth unemployment is typically higher than the overall unemployment rate.
- Reducing youth unemployment is a key policy goal for many governments.
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 individuals aged 15 to 24 in the U.S. labor force who are unemployed.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate for young adults is a crucial indicator of labor market conditions and the overall health of the economy. It helps inform policies and decisions related to workforce development, education, and social welfare.
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, economists, and labor market analysts closely monitor this unemployment rate to assess the overall employment situation and inform decisions on employment, education, and social policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of a few weeks. There may be some limitations in accurately capturing the employment status of certain subgroups within the 15-24 age range.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States (LRUN24TTUSQ156N), retrieved from FRED.