Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Turkiye
LRAC24MATRA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.38
Year-over-Year Change
19.35%
Date Range
1/1/2006 - 1/1/2024
Summary
The Labor Force Participation Rate Male: From 15 to 24 Years for Turkiye measures the percentage of the male population aged 15 to 24 who are actively engaged in the labor market. This statistic is a key indicator of labor market dynamics and economic opportunity for young 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 Labor Force Participation Rate is a widely used metric that represents the active portion of an economy's labor force. It is calculated as the number of people employed or actively seeking work divided by the total working-age population. The youth participation rate provides insights into education, training, and job prospects for younger demographic segments.
Methodology
This data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
Policy makers and economists monitor youth labor force participation to assess the overall health of the labor market and identify areas for potential intervention.
Key Facts
- Turkiye's male youth labor force participation rate was 47.8% in 2021.
- The rate has declined from a high of 54.7% in 2008 during the global financial crisis.
- Youth labor force participation is a key indicator of economic opportunity and development.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate Male: From 15 to 24 Years for Turkiye measures the percentage of the male population aged 15 to 24 who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insights into labor market dynamics, economic opportunity, and development for young workers in Turkiye.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policy makers and economists monitor youth labor force participation to assess the overall health of the labor market and identify areas for potential intervention.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, so there may be some delays in availability compared to real-time labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Turkiye (LRAC24MATRA156N), retrieved from FRED.