Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for OECD
OECDLRUN24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.33
Year-over-Year Change
0.54%
Date Range
7/1/2010 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for OECD measures the percentage of the labor force aged 15 to 24 years who are unemployed. This key indicator is closely monitored by economists and policymakers to assess the labor market conditions for youth.
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 economic indicator tracks the unemployment rate for the 15 to 24 years old cohort across OECD countries. It provides insights into the labor market challenges and opportunities faced by young workers, which is crucial for designing effective employment and training policies.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies in OECD member countries.
Historical Context
This unemployment rate trend is widely used by policymakers, central banks, and financial analysts to evaluate the overall health of the labor market and inform economic decision-making.
Key Facts
- Youth unemployment rate across OECD countries averages around 12%.
- The 15-24 age group is typically more vulnerable to economic downturns.
- High youth unemployment can lead to long-term career and earnings impacts.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for OECD measures the percentage of the labor force aged 15 to 24 years who are unemployed across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into the labor market challenges faced by young workers, which is essential for policymakers designing effective employment and training programs.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies in OECD member countries.
Q: How is this trend used in economic policy?
A: The youth unemployment rate is widely used by policymakers, central banks, and financial analysts to evaluate the overall health of the labor market and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data may be subject to publication delays due to the time required for national statistical agencies to collect and aggregate the information across OECD countries.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for OECD
OECDLREM24TTSTQ
Labor Compensation: Earnings: Manufacturing: Hourly for OECD
OECDLCEAMN01GPSAM
Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for OECD
OECDLFWATTFESTSAQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 25 to 54 Years for OECD
OECDLFIN25FESTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 25 to 54 Years for OECD
OECDLFIN25FESTSAQ
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for OECD
OECDLFACTTTTSTSAQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for OECD (OECDLRUN24TTSTQ), retrieved from FRED.