Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Switzerland
LREM24TTCHQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.03
Year-over-Year Change
-2.83%
Date Range
4/1/1998 - 1/1/2025
Summary
The employment rate for individuals aged 15 to 24 in Switzerland is a key indicator of the country's labor market health and the economic opportunities available to its younger population.
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 indicator represents the percentage of the Swiss population aged 15 to 24 who are employed. It provides insights into the labor force participation, education-to-work transitions, and overall economic engagement of the youth demographic.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
Policymakers and economists monitor this metric to assess the labor market conditions for young workers and inform policies aimed at promoting youth employment.
Key Facts
- The employment rate for 15-24 year olds in Switzerland was 61.7% in 2022.
- Switzerland has one of the highest youth employment rates in Europe.
- Youth employment is a key indicator of economic opportunities for the next generation.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the percentage of the Swiss population aged 15 to 24 who are employed, providing insights into youth labor force participation and economic engagement.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the employment rate for young workers is crucial for understanding the labor market conditions and economic opportunities available to the next generation in Switzerland.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the labor market conditions for young workers and inform policies aimed at promoting youth employment and education-to-work transitions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Swiss Federal Statistical Office, but there may be some delays in publication and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Switzerland (LREM24TTCHQ156S), retrieved from FRED.