Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for OECD
Quarterly, Seasonally Adjusted
OECDLRHU24TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.16
Year-over-Year Change
0.69%
Date Range
1/1/2005 - 1/1/2025
Summary
The OECD Harmonized Unemployment Rate measures the percentage of the labor force that is unemployed but actively seeking work. This key economic indicator provides insight into labor market dynamics and is closely monitored by policymakers.
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 OECD Harmonized Unemployment Rate is a standardized measure of unemployment across OECD countries, allowing for international comparisons. It tracks the share of the labor force that is without work but actively searching for a job.
Methodology
The data is collected through household labor force surveys and calculated using standardized OECD methodologies.
Historical Context
Policymakers and analysts use this rate to assess employment conditions and labor market health.
Key Facts
- Unemployment rate averaged 5.7% across OECD countries in 2022.
- The U.S. unemployment rate was 3.5% as of November 2022.
- Unemployment tends to rise during economic downturns.
FAQs
Q: What does this economic trend measure?
A: The OECD Harmonized Unemployment Rate measures the percentage of the labor force in OECD countries that is without work but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This standardized unemployment rate is a key indicator of labor market health and economic conditions, closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and calculated using OECD's standardized methodology to ensure cross-country comparability.
Q: How is this trend used in economic policy?
A: The OECD unemployment rate is used by central banks, governments, and international institutions to assess labor market dynamics and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months.
Related Trends
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for OECD
OECDLFHUADMASTSAM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for OECD
OECDLRHUADMASTM
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for OECD
OECDLFUNTTMASTQ
International Trade: Exports: Value (Goods): Total
OECDXTEXVA01STSAQ
Leading Indicators OECD: Leading indicators: CLI: Amplitude adjusted for OECD - Total
OECDLOLITOAASTSAM
Balance of Payments: Services: Expenditure for OECD
OECDB6DBSE01CXCUQ
Citation
U.S. Federal Reserve, OECD Harmonized Unemployment Rate (OECDLRHU24TTSTSAQ), retrieved from FRED.