Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Turkiye
LFHU24MATRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
469,166.70
Year-over-Year Change
13.10%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend tracks the monthly unemployment rate for males aged 15 to 24 in Turkiye. Understanding youth unemployment is crucial for policymakers addressing labor market challenges.
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 Male: From 15 to 24 Years for Turkiye series provides timely data on the employment status of young men in the Turkish labor force. This metric is widely used by economists and policymakers to assess the health of the labor market and identify potential areas for policy intervention.
Methodology
The data is collected through nationally representative household surveys conducted by the Turkish Statistical Institute.
Historical Context
Policymakers and market analysts closely monitor this indicator to gauge the economic well-being of young workers and inform labor market policies.
Key Facts
- Turkiye's youth unemployment rate has averaged around 20% in recent years.
- Male youth unemployment is typically higher than the overall unemployment rate.
- Addressing youth joblessness is a key policy priority for the Turkish government.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the monthly unemployment rate for males aged 15 to 24 in Turkiye.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth unemployment is crucial for policymakers addressing labor market challenges and promoting economic growth.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this indicator to gauge the economic well-being of young workers and inform labor market policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with typical update delays of 4-6 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Turkiye (LFHU24MATRA647S), retrieved from FRED.