Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for OECD
OECDLRAC24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.53
Year-over-Year Change
2.18%
Date Range
7/1/2010 - 1/1/2025
Summary
The Labor Force Participation Rate Total: From 15 to 24 Years for OECD measures the percentage of the population aged 15 to 24 that is actively employed or seeking work. This metric provides insights into labor market dynamics and youth employment trends across OECD countries.
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 infra-annual labor statistic tracks the portion of the young adult population that is economically active, including those employed and those unemployed but actively seeking work. It is a key indicator of workforce engagement and labor market health, particularly for younger demographics.
Methodology
The data is collected through household and labor force surveys conducted by statistical agencies in OECD member countries.
Historical Context
Policymakers and economists monitor this metric to assess labor market participation, identify workforce trends, and inform economic and employment policies.
Key Facts
- The OECD average labor force participation rate for 15-24 year olds was 44.2% in 2021.
- Youth labor force participation rates vary significantly across OECD countries.
- Declining youth labor force participation is a concern for policymakers in many developed economies.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of the population aged 15 to 24 that is actively employed or seeking work across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This labor force participation rate for young adults provides insights into workforce engagement and labor market health, which are key considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by statistical agencies in OECD member countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess labor market participation, identify workforce trends, and inform economic and employment policies.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent figures being available.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for OECD
OECDLRHUADFESTSAM
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for OECD
OECDLFWA24TTSTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for OECD
OECDLFIN24TTSTQ
Infra-Annual Labor Statistics: Unemployment Rate Male: 15 Years or over for OECD
OECDLRUNTTMASTQ
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total
OECDULQECU01GYSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for OECD
OECDCPALTT01GYM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for OECD (OECDLRAC24TTSTQ), retrieved from FRED.