Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Austria
LFUN24MAATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,825.00
Year-over-Year Change
-10.62%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the unemployment rate for Austrian males aged 15 to 24 years. It provides key insights into the youth labor market and is an important indicator 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: Unemployment Male: From 15 to 24 Years for Austria series tracks the percentage of unemployed Austrian males in the 15-to-24 age group. This data point offers a granular view of the country's youth unemployment dynamics and is widely used to assess the health of the labor market.
Methodology
The data is collected through household surveys conducted by the Austrian national statistical agency.
Historical Context
This trend is closely monitored by policymakers, labor economists, and financial analysts to gauge the strength of the Austrian economy and inform employment policies.
Key Facts
- Austria's youth unemployment rate for males aged 15-24 was 9.2% in 2021.
- The trend has fluctuated between 8-11% over the past decade.
- Youth unemployment is a key focus area for Austrian labor market policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Austrian males aged 15 to 24 years, providing insights into the country's youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator for policymakers, labor economists, and financial analysts to assess the strength of the Austrian economy and inform employment policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Austrian national statistical agency.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to gauge the health of the Austrian labor market and inform employment policies targeted at the youth demographic.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Austria (LFUN24MAATA647N), retrieved from FRED.