Monthly, Seasonally Adjusted
LFHU24MAO1M647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,840,000.00
Year-over-Year Change
-8.39%
Date Range
1/1/2005 - 10/1/2017
Summary
This economic trend measures the monthly, seasonally adjusted unemployment rate for U.S. adults aged 24 and under. It provides valuable insights into labor market dynamics and youth employment conditions.
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 monthly, seasonally adjusted unemployment rate for young adults is a key indicator of overall economic health and labor force participation. It is closely monitored by policymakers, economists, and labor market analysts to assess employment trends and guide workforce development initiatives.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Historical Context
The youth unemployment rate is a crucial input for economic forecasting and policy decisions related to job creation, education, and workforce training programs.
Key Facts
- The youth unemployment rate in the U.S. was 8.8% as of the latest data.
- Youth unemployment is typically higher than the overall unemployment rate.
- Addressing youth unemployment is a key focus for policymakers and workforce development initiatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted unemployment rate for U.S. adults aged 24 and under.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial indicator of overall labor market conditions and economic health, informing policy decisions and workforce development initiatives.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Q: How is this trend used in economic policy?
A: The youth unemployment rate is a key input for economic forecasting and policy decisions related to job creation, education, and workforce training programs.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may be subject to revisions and lags in reporting.
Related Trends
Balance of Payments: Secondary Income: Revenue for OECD
OECDB6CRSI01CXCUQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: 15 Years or over for OECD
OECDLFINTTFESTQ
Balance of Payments: Direct Investment: Liabilities (or Net Incurrence of Liabilities) for OECD
OECDB6FADI03CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for OECD
OECDLRHUTTMASTSAM
Balance of Payments: Services: Expenditure for OECD
OECDB6DBSE01CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for OECD
OECDLFHU24MASTSAM
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LFHU24MAO1M647S), retrieved from FRED.