Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal
LFUN24TTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,225.00
Year-over-Year Change
-48.51%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic indicator tracks the total unemployment rate for individuals aged 15 to 24 in Portugal. Understanding youth unemployment is crucial for evaluating labor market conditions and guiding policy decisions.
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 Total: From 15 to 24 Years for Portugal measures the percentage of the labor force aged 15 to 24 that is without work but actively seeking employment in Portugal. This metric provides insight into the challenges facing young workers and the overall health of the Portuguese labor market.
Methodology
The data is collected through household surveys conducted by the Portuguese National Statistics Institute.
Historical Context
Policymakers and economists use this indicator to monitor labor market trends and develop strategies to promote youth employment.
Key Facts
- Portugal's youth unemployment rate averaged 22.9% from 2017 to 2022.
- The highest recorded youth unemployment rate in Portugal was 42.1% in 2013.
- Youth unemployment is consistently higher than the overall unemployment rate in Portugal.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total unemployment rate for individuals aged 15 to 24 in Portugal, providing insight into the challenges facing young workers in the labor market.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth unemployment is crucial for evaluating labor market conditions and guiding policy decisions to promote employment opportunities for young people.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese National Statistics Institute.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor labor market trends and develop strategies to address youth unemployment in Portugal.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, with potential delays in availability depending on the timing of the household surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal (LFUN24TTPTA647S), retrieved from FRED.