Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Turkiye
LFAC24MATRA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,580,250.00
Year-over-Year Change
25.59%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the size of the male labor force in Turkiye between the ages of 15 and 24. Understanding youth labor force participation is crucial for policymakers analyzing employment patterns and economic development.
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 Turkiye tracks the number of men aged 15 to 24 who are either employed or actively seeking work in Turkiye. This data provides a granular view of the country's youth labor market, which is an important indicator of economic vitality and future growth potential.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
Policymakers use this trend to inform workforce development programs and labor market policies.
Key Facts
- Turkiye has a large, young population with over 15 million males aged 15-24.
- Youth labor force participation rate in Turkiye was 46.5% as of the latest data.
- Analyzing trends in youth employment is crucial for policymakers addressing skills gaps and economic opportunities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of the male labor force in Turkiye between the ages of 15 and 24, providing insights into youth employment patterns.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth labor force participation is crucial for policymakers analyzing employment trends and economic development in Turkiye.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform workforce development programs and labor market policies in Turkiye.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may be subject to survey collection and processing delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Turkiye (LFAC24MATRA647N), retrieved from FRED.