Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for OECD
OECDLRAC24MASTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.94
Year-over-Year Change
1.86%
Date Range
7/1/2010 - 1/1/2025
Summary
The Labor Force Participation Rate Male: From 15 to 24 Years for OECD measures the percentage of the male population aged 15 to 24 that is actively engaged in the labor force. This statistic is crucial for understanding youth employment trends and labor market dynamics.
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 represents the proportion of the male population aged 15 to 24 who are either employed or actively seeking work, as a percentage of the total male population in that age group. It is an important labor market indicator used by economists and policymakers to gauge the economic activity and workforce engagement of young men.
Methodology
The data is collected through national labor force surveys and compiled by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This metric is widely used to inform labor market policies, education and training programs, and economic forecasting.
Key Facts
- The average OECD labor force participation rate for men aged 15-24 is around 50%.
- Youth labor force participation has declined in many OECD countries over the past decades.
- High youth labor force participation is associated with economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the male population aged 15 to 24 that is actively engaged in the labor force, either employed or actively seeking work, within OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding youth employment dynamics and labor market participation, which are key indicators of economic health and future workforce development.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform labor market policies, education and training programs, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for delays in reporting from national statistical agencies.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for OECD (OECDLRAC24MASTQ), retrieved from FRED.