Unemployed Population: Aged 15-24: Total for the European Union
LFUN24TTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,146,388.97
Year-over-Year Change
-22.86%
Date Range
1/1/2005 - 10/1/2019
Summary
The Unemployed Population: Aged 15-24: Total for the European Union measures the number of unemployed individuals aged 15-24 in the EU. This data provides critical insights into youth labor market trends and the economic well-being of young Europeans.
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
This indicator represents the total number of unemployed individuals aged 15-24 in the member states of the European Union. It is a key metric for assessing the labor market conditions and economic inclusion of youth across the EU.
Methodology
The data is collected through household and labor force surveys conducted by national statistical agencies and aggregated by Eurostat.
Historical Context
Policymakers and economists closely monitor this trend to inform labor market policies and evaluate the effectiveness of efforts to promote youth employment.
Key Facts
- The EU's youth unemployment rate was 15.4% in 2021.
- Youth unemployment varies significantly across EU member states.
- Measures to address youth unemployment are a key focus of the EU's employment policies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total number of unemployed individuals aged 15-24 in the member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a critical issue for economic and social well-being, and this data provides crucial insights into labor market conditions for young Europeans.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by national statistical agencies and aggregated by Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to inform labor market policies and evaluate the effectiveness of efforts to promote youth employment.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and aggregation, and the metric may not capture all forms of underemployment or discouraged workers.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Euro Area (19 Countries)
00XHOUEZ19M086NEST
Production: Industry: Total industry: Total industry excluding construction for the European Union
EU28PRINTO01GYSAM
Harmonized Index of Consumer Prices: Insurance Connected with Transport for European Union
CP1254EUCCM086NEST
Harmonized Unemployment: Aged 25 and Over: Males for the European Union
LFHUADMAEUM647S
Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for European Union (27 Countries from 2020)
CP0722EU272020M086NEST
Harmonized Index of Consumer Prices: Education, Health, and Social Protection for European Union (27 Countries from 2020)
EDUHEAEU272020M086NEST
Citation
U.S. Federal Reserve, Unemployed Population: Aged 15-24: Total for the European Union (LFUN24TTEUQ647S), retrieved from FRED.