Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Austria
LFAC24MAATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276,550.00
Year-over-Year Change
-11.29%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the size of the male labor force in Austria for individuals aged 15 to 24 years old. This data point is crucial for understanding youth employment dynamics and informing policies aimed at boosting labor market participation.
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: Labor Force Male: From 15 to 24 Years for Austria series tracks the monthly size of the male labor force in Austria for the 15-24 age group. This metric provides insights into the active participation of young men in the Austrian workforce and is used by economists and policymakers to analyze trends in youth employment.
Methodology
The data is collected through household surveys conducted by the Austrian statistical agency.
Historical Context
Policymakers and analysts use this trend to assess the health of the Austrian labor market and develop strategies to promote youth employment.
Key Facts
- The labor force includes all individuals aged 15-24 who are employed or actively seeking work.
- Youth employment is a key indicator of economic opportunity and social mobility.
- Austria has a strong focus on vocational training to support youth labor market integration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of the male labor force in Austria for individuals aged 15 to 24 years old.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the active participation of young men in the Austrian workforce and is used by economists and policymakers to analyze trends in youth employment.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Austrian labor market and develop strategies to promote youth employment.
Q: Are there update delays or limitations?
A: The data is published monthly with a short update delay, providing timely insights into the Austrian youth labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Austria (LFAC24MAATA647N), retrieved from FRED.