Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Portugal
LFIN24TTPTQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
717,800.00
Year-over-Year Change
-6.92%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total number of persons aged 15 to 24 years who are outside the labor force in Portugal. It is an important indicator for understanding labor market dynamics and workforce participation in the country.
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: Persons Outside the Labor Force Total: From 15 to 24 Years for Portugal' series tracks the number of Portuguese individuals between the ages of 15 and 24 who are not currently employed or actively seeking work. This data provides insights into youth labor force engagement and can inform policy decisions.
Methodology
The data is collected through household surveys conducted by the Portuguese national statistical agency.
Historical Context
This labor force statistic is used by economists, policymakers, and market analysts to assess employment trends and workforce participation in Portugal.
Key Facts
- Portugal's 15-24 year olds outside the labor force totaled over 800,000 in 2022.
- Youth labor force participation in Portugal has declined since the early 2000s.
- The share of 15-24 year olds not in the labor force is higher for women than men in Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 15 to 24 years old in Portugal who are not employed and not actively seeking work, providing insights into youth labor force participation.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding labor market dynamics and workforce engagement, particularly among young people, which can inform economic and social policies in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese national statistical agency.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this labor force statistic to assess employment trends and workforce participation in Portugal, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Portugal (LFIN24TTPTQ647N), retrieved from FRED.