Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark
LRHU24MADKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
39.93%
Date Range
1/1/1983 - 1/1/2019
Summary
This economic indicator tracks the monthly unemployment rate for Danish males aged 15 to 24 years old. It provides insights into the labor market participation and economic conditions for this key demographic.
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 monthly unemployment rate for young Danish males is an important metric for understanding employment trends and labor market dynamics. It is used by policymakers, economists, and analysts to assess the economic health and opportunities available to this segment of the population.
Methodology
This data is collected through household surveys conducted by Statistics Denmark.
Historical Context
The unemployment rate for young men is a key input for economic policy decisions and assessments of the Danish labor market.
Key Facts
- Denmark's youth unemployment rate averaged 8.4% in 2021.
- Male unemployment is typically higher than female unemployment in Denmark.
- Unemployment for young Danes has declined since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly unemployment rate for Danish males aged 15 to 24 years old, providing insights into labor market participation and economic conditions for this demographic.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate for young Danish men is an important metric for understanding employment trends and labor market dynamics, used by policymakers, economists, and analysts to assess the economic health and opportunities available to this segment of the population.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The unemployment rate for young men is a key input for economic policy decisions and assessments of the Danish labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely insights into the Danish labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark (LRHU24MADKA156S), retrieved from FRED.