Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Estonia
LREM24TTEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.40
Year-over-Year Change
8.92%
Date Range
1/1/2000 - 1/1/2024
Summary
The Employment Rate Total: From 15 to 24 Years for Estonia measures the percentage of Estonia's population aged 15 to 24 who are employed. This key labor market indicator provides insights into youth employment trends.
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 economic series tracks the employment-to-population ratio for Estonia's working-age population aged 15 to 24. It is an important measure of labor market participation and economic opportunity for young workers.
Methodology
The data is collected through Estonia's national labor force survey.
Historical Context
Policy makers and analysts use this trend to monitor labor market conditions and make informed decisions.
Key Facts
- The employment rate for 15-24 year olds in Estonia was 42.5% in 2021.
- Estonia's youth employment rate has fluctuated between 35-45% over the past decade.
- Youth employment is a key indicator of economic opportunity and labor market health.
FAQs
Q: What does this economic trend measure?
A: This series tracks the percentage of Estonia's population aged 15 to 24 who are employed. It is a key indicator of youth labor market participation and economic opportunity.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate provides important insights into labor market conditions and economic prospects for young workers in Estonia.
Q: How is this data collected or calculated?
A: The data is collected through Estonia's national labor force survey.
Q: How is this trend used in economic policy?
A: Policy makers and analysts use this youth employment metric to monitor labor market dynamics and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis with occasional delays or revisions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Estonia (LREM24TTEEA156S), retrieved from FRED.