Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 24 Years for OECD
OECDLFIN24FESTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,215,670.00
Year-over-Year Change
-0.55%
Date Range
7/1/2010 - 1/1/2025
Summary
This economic trend measures the number of women aged 15 to 24 who are outside the labor force in OECD countries. Understanding this demographic can provide insights into labor market participation and employment patterns among young women.
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: Persons Outside the Labor Force Female: From 15 to 24 Years for OECD' series tracks the population of young women who are not actively employed or seeking work. This data is used by economists and policymakers to analyze factors influencing labor force participation and workforce trends.
Methodology
The data is collected through labor force surveys conducted by national statistical agencies across OECD member countries.
Historical Context
This metric is relevant for assessing the economic and social factors impacting the transition of young women from education to employment.
Key Facts
- OECD countries include the world's major developed economies.
- Labor force participation rates vary significantly by gender and age.
- Trends in youth unemployment and labor force engagement are closely watched by policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of women aged 15 to 24 who are outside the labor force in OECD countries. It provides insights into labor market participation and employment patterns among young women.
Q: Why is this trend relevant for users or analysts?
A: Understanding the factors impacting young women's labor force participation is crucial for policymakers and economists analyzing workforce trends and developing strategies to promote economic opportunity.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by national statistical agencies across OECD member countries.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the economic and social factors impacting the transition of young women from education to employment, which is a key focus area for policymakers.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual (quarterly) basis, with some potential for delays in reporting across OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 24 Years for OECD (OECDLFIN24FESTQ), retrieved from FRED.