Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for G7
G7LFUN24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,534,733.00
Year-over-Year Change
19.31%
Date Range
4/1/2003 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for people aged 15 to 24 years old across the G7 countries. It provides valuable insights into youth labor market conditions and the broader economic outlook.
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 Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for G7 tracks the quarterly unemployment rate for young adults in the G7 countries, which include the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada. This data is widely used by economists and policymakers to assess the health of the labor market and the overall economic climate.
Methodology
The data is collected and calculated by the Organization for Economic Co-operation and Development (OECD) based on national labor force surveys.
Historical Context
This trend is closely monitored by central banks, government agencies, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- The G7 countries account for over 30% of global GDP.
- Youth unemployment rates are typically higher than overall unemployment rates.
- Addressing youth unemployment is a key policy priority for many G7 nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 24 years old across the G7 countries, which include the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the labor market conditions for young adults, which is an important indicator of the broader economic outlook and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national labor force surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by central banks, government agencies, and market analysts to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, and there may be some delays in reporting due to the time required for national labor force surveys.
Related Trends
Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for G7
G7LOLITOTRGYSAM
Balance of Payments: Primary Income: Expenditure for G7
G7B6DBPI01CXCUQ
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for G7
G7LFEM25MAGPQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for G7
G7LREM64TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for G7
G7LFAC24TTSTQ
Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for G7
G7LREMTTTTSTSAQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for G7 (G7LFUN24TTSTQ), retrieved from FRED.