Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Austria
LFHU24FEATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,416.67
Year-over-Year Change
-7.28%
Date Range
1/1/1994 - 1/1/2024
Summary
This data series measures the monthly unemployment rate for Austrian females aged 15 to 24 years old. It provides key insights into youth labor market dynamics and informs policymakers on issues related to employment, education, and social welfare.
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: Monthly Unemployment Female: From 15 to 24 Years for Austria tracks the unemployment rate for young Austrian women. This metric is used by economists and policymakers to assess the health of the country's labor market and identify potential areas for intervention to support youth employment.
Methodology
The data is collected through household surveys conducted by the Austrian statistical agency.
Historical Context
This unemployment rate is a important indicator for assessing the effectiveness of labor market policies and social programs targeting young adults.
Key Facts
- Austria's female youth unemployment rate averaged 10.3% in 2021.
- The rate peaked at 12.8% in April 2020 during the COVID-19 pandemic.
- Youth unemployment is generally higher than the overall jobless rate in Austria.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly unemployment rate for Austrian females aged 15 to 24 years old.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into youth labor market dynamics and informs policymakers on issues related to employment, education, and social welfare.
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: This unemployment rate is an important indicator for assessing the effectiveness of labor market policies and social programs targeting young adults.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential revisions to historical figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Austria (LFHU24FEATA647N), retrieved from FRED.