Unemployment Rate - Less than a High School Diploma, 20 to 24 years
LHSD2024 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.90
Year-over-Year Change
-30.28%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among young adults with less than a high school diploma. Provides critical insight into educational attainment's impact on early career employment opportunities.
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 metric measures joblessness for 20-24 year olds without a high school diploma. It reflects challenges faced by less-educated young workers in the labor market.
Methodology
Data collected through monthly Current Population Survey by the Bureau of Labor Statistics.
Historical Context
Used to assess workforce development and educational policy effectiveness.
Key Facts
- Higher unemployment rates compared to educated peers
- Indicates potential skills gap in labor market
- Critical economic mobility indicator
FAQs
Q: Why do young adults without high school diplomas struggle to find jobs?
A: Limited skills and credentials reduce employment opportunities. Employers typically prefer candidates with basic educational qualifications.
Q: How does this unemployment rate impact economic mobility?
A: Low educational attainment correlates with reduced earning potential and long-term economic challenges.
Q: Can vocational training help reduce this unemployment rate?
A: Alternative education and skills programs can significantly improve employment prospects for this demographic.
Q: How does this rate compare to overall youth unemployment?
A: Typically significantly higher than unemployment rates for those with higher educational credentials.
Q: How often is this data updated?
A: Monthly updates through the Bureau of Labor Statistics' Current Population Survey.
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Citation
U.S. Federal Reserve, Unemployment Rate - Less than a High School Diploma, 20 to 24 years (LHSD2024), retrieved from FRED.