Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Portugal
LFEM24TTPTA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.52
Year-over-Year Change
-179.52%
Date Range
1/1/1999 - 1/1/2022
Summary
This economic trend measures employment levels among individuals aged 15 to 24 years in Portugal. Understanding youth employment is crucial for policymakers assessing labor market dynamics 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: Employment Total: From 15 to 24 Years for Portugal tracks the number of employed individuals within this specific age group. This data provides insight into the participation and integration of younger workers within the Portuguese labor force.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies.
Historical Context
This trend is used by economists, policymakers, and market analysts to evaluate labor market conditions and inform economic policy decisions.
Key Facts
- Portugal's youth employment rate was 32.3% in 2021.
- Youth unemployment remains significantly higher than the overall rate.
- Employment among 15-24 year-olds has gradually recovered since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment levels of individuals aged 15 to 24 years in Portugal.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth employment is crucial for assessing labor market dynamics and informing economic policies aimed at fostering job creation and economic development.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to evaluate labor market conditions and inform policy decisions related to employment, education, and economic development.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Portugal (LFEM24TTPTA657N), retrieved from FRED.