Unemployment Rate - Not Enrolled in School, 16-24 Yrs.
LNU04023016 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
10.20%
Date Range
1/1/1985 - 7/1/2025
Summary
This series tracks the unemployment rate for young adults aged 16-24 who are not enrolled in school. It provides critical insights into youth labor market participation.
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 unemployment metric specifically measures jobless young adults outside of educational institutions. It helps understand youth employment challenges and economic integration.
Methodology
Data collected through monthly Current Population Survey by the Bureau of Labor Statistics.
Historical Context
Used to assess youth economic opportunities and labor market dynamics.
Key Facts
- Focuses on 16-24 year olds not in school
- Indicates youth labor market challenges
- Reflects economic entry barriers for young workers
FAQs
Q: What does the LNU04023016 series measure?
A: It tracks unemployment rates for 16-24 year olds who are not currently enrolled in school.
Q: Why is youth unemployment important?
A: It indicates economic opportunities, skill development, and potential long-term labor market challenges.
Q: How is this unemployment rate calculated?
A: By surveying young adults not in school and measuring those actively seeking but unable to find work.
Q: What factors influence youth unemployment?
A: Economic conditions, education levels, skill mismatches, and labor market structures impact rates.
Q: How frequently is this data updated?
A: Monthly updates through the Bureau of Labor Statistics' Current Population Survey.
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Citation
U.S. Bureau of Labor Statistics, Unemployment Rate - Not Enrolled in School, 16-24 Yrs. (LNU04023016), retrieved from FRED.