Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Switzerland
LFHU24TTCHA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,475.00
Year-over-Year Change
-7.45%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the total number of unemployed individuals aged 15 to 24 in Switzerland on a monthly basis. It provides insights into youth labor market dynamics, which are crucial for policymakers and economists.
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 Total: From 15 to 24 Years for Switzerland trend represents the total number of unemployed Swiss residents within the 15 to 24 age group. This data is widely used to analyze and understand youth employment patterns and labor market conditions.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
This trend is essential for evaluating the effectiveness of labor market policies and monitoring the economic well-being of young individuals.
Key Facts
- Switzerland's youth unemployment rate is among the lowest in Europe.
- Unemployment rates are typically higher for younger workers compared to older age groups.
- Monitoring youth employment is crucial for designing effective labor market policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 to 24 in Switzerland on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into youth labor market dynamics, which are crucial for policymakers and economists in evaluating the effectiveness of labor market policies and monitoring the economic well-being of young individuals.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is essential for evaluating the effectiveness of labor market policies and monitoring the economic well-being of young individuals.
Q: Are there update delays or limitations?
A: The data is updated on a monthly basis, with typical delays of a few weeks to a month.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Switzerland (LFHU24TTCHA647N), retrieved from FRED.