Unemployment Rate - Some College or Associate Degree, 20 to 24 years
SCAD2024 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.30
Year-over-Year Change
23.73%
Date Range
1/1/2000 - 7/1/2025
Summary
The Unemployment Rate - Some College or Associate Degree, 20 to 24 years measures the percentage of individuals aged 20 to 24 with some college or an associate degree who are unemployed. This metric provides insight into the labor market outcomes for young adults with post-secondary education.
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 a specific demographic group - individuals aged 20 to 24 who have completed some college or earned an associate degree. It helps economists and policymakers understand the job prospects and labor force participation of young adults at this education level.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This unemployment rate is a key measure used to assess the health of the labor market and the effectiveness of policies aimed at promoting employment among young, educated workers.
Key Facts
- The unemployment rate for this group averaged 8.5% in 2022.
- The rate is typically higher than the overall unemployment rate.
- This metric has shown improvement since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate - Some College or Associate Degree, 20 to 24 years measures the percentage of individuals aged 20 to 24 with some college or an associate degree who are unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor market outcomes for young adults with post-secondary education, which is useful for economists, policymakers, and job seekers to understand employment prospects and labor force participation in this demographic.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey, a monthly household survey of the civilian non-institutional population.
Q: How is this trend used in economic policy?
A: This unemployment rate is a key indicator used by policymakers and economists to assess the health of the labor market and the effectiveness of policies aimed at promoting employment among young, educated workers.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months, so the most recent figures may not reflect the current state of the labor market.
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Citation
U.S. Federal Reserve, Unemployment Rate - Some College or Associate Degree, 20 to 24 years (SCAD2024), retrieved from FRED.