Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal
Quarterly, Seasonally Adjusted
LFUN24TTPTQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,649.31
Year-over-Year Change
18.72%
Date Range
1/1/1998 - 1/1/2025
Summary
This series measures the quarterly, seasonally adjusted unemployment rate for individuals ages 24-55 in the United States. It provides valuable insights into the labor market dynamics of prime-age workers.
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 Quarterly, Seasonally Adjusted unemployment rate for ages 24-55 is a key indicator of the economic health and employment conditions for prime-age adults. It is used by policymakers, economists, and analysts to assess labor market trends and inform economic decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Historical Context
This unemployment rate is closely monitored by the Federal Reserve and other policymakers to gauge the strength of the labor market and guide monetary and fiscal policies.
Key Facts
- The prime-age unemployment rate averaged 3.5% in 2019, a multi-decade low.
- Unemployment for this age group rose sharply to 12.9% in Q2 2020 due to the COVID-19 pandemic.
- The prime-age unemployment rate has since declined but remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted unemployment rate for individuals ages 24-55 in the United States.
Q: Why is this trend relevant for users or analysts?
A: The prime-age unemployment rate is a key indicator of labor market conditions and economic health, providing valuable insights for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Q: How is this trend used in economic policy?
A: This unemployment rate is closely monitored by the Federal Reserve and other policymakers to gauge the strength of the labor market and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief lag, providing timely information on prime-age labor market trends.
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Citation
U.S. Bureau of Labor Statistics, Quarterly, Seasonally Adjusted (LFUN24TTPTQ647S), retrieved from FRED.