Unemployed Population: Aged 15-24: Total for Israel
LFUN24TTILM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,767.58
Year-over-Year Change
-6.44%
Date Range
1/1/2012 - 9/1/2021
Summary
The 'Unemployed Population: Aged 15-24: Total for Israel' trend measures the total number of unemployed individuals aged 15 to 24 in Israel. This metric is a key indicator of youth unemployment, which is an important consideration 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
This data series represents the total number of people aged 15 to 24 in Israel who are without a job but actively seeking employment. Youth unemployment is an important economic and social indicator, as high rates can signal challenges for younger workers entering the labor market.
Methodology
The data is collected through national labor force surveys conducted by the Israeli Central Bureau of Statistics.
Historical Context
Policymakers and labor market analysts use this trend to understand dynamics in the Israeli youth labor market and inform workforce development initiatives.
Key Facts
- Israel's youth unemployment rate was 7.8% in 2021.
- The trend has declined from a high of 15.2% in 2011.
- Young women face higher unemployment rates than young men in Israel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 to 24 in Israel, providing insight into youth unemployment in the country.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is an important indicator for policymakers and labor market analysts, as high rates can signal challenges for younger workers entering the labor force.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand dynamics in the Israeli youth labor market and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Unemployed Population: Aged 15-24: Total for Israel (LFUN24TTILM647S), retrieved from FRED.