Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for OECD
OECDLFUN24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,851,606.00
Year-over-Year Change
4.61%
Date Range
1/1/2007 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for OECD' series measures the unemployment rate for youth aged 15 to 24 across OECD countries. This key statistic is crucial for understanding labor market dynamics and assessing economic policies targeting youth employment.
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 tracks the total unemployment rate for the 15 to 24 years old age group within the OECD (Organization for Economic Co-operation and Development) member countries. It provides a standardized, internationally comparable measure of youth joblessness, which is a critical indicator of economic health and the effectiveness of labor market interventions.
Methodology
The data is collected through national labor force surveys and harmonized by the OECD to ensure consistency across member states.
Historical Context
Policymakers, economists, and analysts use this metric to evaluate the performance of labor markets, guide workforce development initiatives, and assess the broader economic climate.
Key Facts
- The OECD youth unemployment rate averaged 12.6% in 2021.
- Youth unemployment is typically 2-3 times higher than the overall unemployment rate.
- Reducing youth joblessness is a key policy priority for many OECD governments.
FAQs
Q: What does this economic trend measure?
A: This series measures the total unemployment rate for individuals aged 15 to 24 across OECD member countries, providing a standardized international indicator of youth labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a critical barometer of economic health and the effectiveness of labor market policies. This metric helps policymakers, economists, and analysts assess workforce dynamics and guide interventions to support young workers.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and harmonized by the OECD to ensure cross-country comparability.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international organizations use this youth unemployment metric to evaluate labor market performance, inform policy decisions, and develop programs to address joblessness among young people.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of approximately 3 months. As a harmonized international statistic, the metric may not capture all nuances of local labor market conditions.
Related Trends
Infra-Annual Labor Statistics: Unemployment Total: From 25 to 54 Years for OECD
OECDLFUN25TTSTSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for OECD
OECDLRHU24MASTM
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for OECD
OECDLFEM55FEGPQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for OECD
OECDLRHUADFESTSAM
Balance of Payments: Goods: Balance (Revenue Minus Expenditure) for OECD
OECDB6BLTD01CXCUQ
International Merchandise Trade Statistics: Imports: Commodities for OECD
OECDXTIMVA01CXMLSAM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for OECD (OECDLFUN24TTSTQ), retrieved from FRED.