Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Hungary
Monthly, Not Seasonally Adjusted
LFHU24TTHUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,000.00
Year-over-Year Change
-11.11%
Date Range
1/1/1995 - 6/1/2025
Summary
This economic indicator measures the monthly unemployment rate in the U.S. for people aged 24 and under. It provides insight into labor market conditions and the economic well-being of young workers.
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, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force aged 24 and under who are without jobs but actively seeking work. This metric is closely watched by economists and policymakers to assess the strength of the youth labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The youth unemployment rate is an important barometer for understanding economic and social trends.
Key Facts
- The youth unemployment rate tends to be higher than the overall unemployment rate.
- Stable youth employment is linked to long-term economic growth and social stability.
- Tracking this metric helps policymakers design targeted interventions for young workers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly unemployment rate for the U.S. civilian labor force aged 24 and under, not adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate provides important insights into the strength of the labor market for young workers, which is a key indicator of overall economic health and social well-being.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the youth unemployment rate to assess labor market conditions and inform decisions around workforce development, education, and social programs.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely information on the state of the youth labor market.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LFHU24TTHUM647N), retrieved from FRED.