Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Austria
LFAC24TTATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
514,800.00
Year-over-Year Change
4.98%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Austria' tracks the size of Austria's workforce aged 15 to 24. This key indicator provides insights into youth employment and economic 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
This series measures the total labor force in Austria for individuals aged 15 to 24 years old. It is an important metric for evaluating the strength and demographics of the Austrian workforce and economy.
Methodology
The data is collected through household and labor force surveys by the Austrian government.
Historical Context
Policymakers and economists use this metric to inform workforce development, education, and economic policies.
Key Facts
- The current Austrian labor force aged 15-24 is over 700,000.
- Youth labor force participation rate in Austria is around 60%.
- Austria has one of the lowest youth unemployment rates in Europe.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total size of the labor force in Austria for individuals aged 15 to 24 years old.
Q: Why is this trend relevant for users or analysts?
A: This is an important indicator for evaluating the strength and demographics of the Austrian workforce and economy.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys by the Austrian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform workforce development, education, and economic policies.
Q: Are there update delays or limitations?
A: The data is reported on an intra-annual basis with minimal delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Austria (LFAC24TTATQ647N), retrieved from FRED.