Harmonized Unemployment: Aged 15-24: Females for the European Union
LFHU24FEEUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,362,000.00
Year-over-Year Change
-5.09%
Date Range
1/1/2000 - 1/1/2020
Summary
This economic trend tracks the harmonized unemployment rate for females aged 15-24 in the European Union. It serves as a key indicator of youth labor market conditions and economic opportunity for young women.
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 harmonized unemployment rate measures the percentage of the labor force that is without work but actively seeking employment and available to start work. This metric provides valuable insights into the challenges faced by young women in the European labor market.
Methodology
The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health of the European economy and inform employment policies.
Key Facts
- The latest rate is XX.X%.
- Youth unemployment is typically higher than the overall rate.
- Females often face additional barriers to labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the harmonized unemployment rate for females aged 15-24 in the European Union, providing insights into labor market conditions and economic opportunities for young women.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a key indicator of economic health and social well-being, as young workers often face unique challenges in finding employment. Monitoring this trend is crucial for policymakers, economists, and market analysts seeking to assess the state of the European labor market.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess the health of the European economy and inform employment policies aimed at supporting young women in the labor market.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some potential for delays in data collection and reporting. Users should consult the source for the most up-to-date information and be aware of any known limitations or caveats.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Aged 15-24: Females for the European Union (LFHU24FEEUM647N), retrieved from FRED.