Unemployment Rate - 16-24 Yrs.
LNS14024887 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
9.89%
Date Range
1/1/1948 - 7/1/2025
Summary
Tracks unemployment among young workers aged 16-24. Provides critical insight into youth labor market dynamics and economic opportunities for emerging workforce.
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 jobless rates for younger workers, reflecting economic conditions, educational transitions, and entry-level job market health.
Methodology
Bureau of Labor Statistics conducts monthly household surveys to calculate unemployment percentages.
Historical Context
Used by policymakers to assess youth economic integration and workforce development strategies.
Key Facts
- Typically higher than overall unemployment rate
- Sensitive to economic cycle fluctuations
- Reflects educational and job market transitions
FAQs
Q: Why are youth unemployment rates typically higher?
A: Young workers lack experience and compete in entry-level job markets. Economic downturns disproportionately impact inexperienced workers.
Q: How does youth unemployment impact the economy?
A: High rates can lead to skill erosion and long-term career disruptions. Indicates potential structural economic challenges.
Q: What factors influence youth unemployment?
A: Education levels, economic conditions, minimum wage, and industry demand significantly affect youth job opportunities.
Q: How often is this data updated?
A: Monthly updates provide current snapshot of youth labor market conditions.
Q: Can education reduce youth unemployment?
A: Higher education and vocational training can improve job market competitiveness and reduce unemployment risks.
Related Trends
Unemployment Rate - College Graduates - Bachelor's Degree and Higher, 65 years and over
CGRA65O
Unemployment Rate - Less than 1 year of High School, 45 to 54 years
L1HS4554
Unemployment Rate - Associate Degree, 25 Yrs. & over, Women
LNU04027688
Unemployment Rate - 20 Yrs. & over, Women
LNU04000026
Unemployment Rate - Associate Degree - Occupational Program, 55 to 64 years
ADOP5564
Unemployment Rate - College Graduates - Professional Degree, 16 to 19 years, Women
CGPD1619W
Citation
U.S. Federal Reserve, Unemployment Rate - 16-24 Yrs. (LNS14024887), retrieved from FRED.