Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for OECD
OECDLFHU24TTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,045,011.00
Year-over-Year Change
2.65%
Date Range
1/1/2005 - 5/1/2025
Summary
This economic indicator measures monthly unemployment among individuals aged 15 to 24 in OECD countries. It provides important insights into youth labor force participation and economic conditions for younger demographics.
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
The Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for OECD series tracks the total number of unemployed persons aged 15 to 24 across OECD member nations on a monthly basis. This metric is widely used by economists and policymakers to analyze labor market trends and dynamics among younger workers.
Methodology
The data is collected through household labor force surveys conducted by national statistical agencies.
Historical Context
This indicator informs discussions around economic policies and programs aimed at promoting youth employment and workforce development.
Key Facts
- Youth unemployment rate averaged 12.4% across OECD countries in 2022.
- Unemployment for 15-24 year-olds is typically 2-3 times higher than the overall rate.
- Youth joblessness is a key indicator of economic health and future workforce potential.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of unemployed individuals aged 15-24 across OECD member countries on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a critical measure of labor market conditions and future economic prospects. This data informs policy discussions and programs aimed at supporting younger workers.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies in OECD member countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this indicator to assess the health of youth labor markets and implement policies to promote employment and workforce development.
Q: Are there update delays or limitations?
A: There may be lags of several months in data reporting due to the time required for national agencies to collect and compile the information.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for OECD
OECDLFWATTMASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for OECD
OECDLFIN55FESTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
OECDLRHUTTTTSTQ
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for OECD
OECDLFEMTTTTGPQ
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for OECD
OECDNAEXKP06GYSAQ
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 24 Years for OECD
OECDLRIN24TTSTQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for OECD (OECDLFHU24TTSTSAM), retrieved from FRED.