Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark
LRHU24MADKM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
-8.11%
Date Range
1/1/1983 - 12/1/2019
Summary
This economic trend measures the monthly unemployment rate for males aged 15 to 24 in Denmark. It provides crucial insights into the labor market dynamics and employment challenges facing young men in the country.
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 Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark series tracks the unemployment rate for a specific demographic segment of the Danish labor force. This data is used by economists, policymakers, and labor market analysts to understand the employment trends and challenges facing young male workers in the country.
Methodology
The data is collected through national labor force surveys conducted by the Danish statistical agency.
Historical Context
This trend is used to inform labor market policies and economic strategies aimed at promoting youth employment and addressing any imbalances in the job market.
Key Facts
- Denmark's youth unemployment rate is consistently lower than the EU average.
- Male unemployment is typically higher than female unemployment in the 15-24 age group.
- Seasonal fluctuations are common in this labor statistic due to the cyclical nature of youth employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for males aged 15 to 24 in Denmark. It provides insights into the employment challenges facing young men in the Danish labor market.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the labor market dynamics and employment challenges facing young male workers in Denmark. It informs policy decisions and economic strategies aimed at promoting youth employment.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Danish statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used to inform labor market policies and economic strategies aimed at promoting youth employment and addressing any imbalances in the job market.
Q: Are there update delays or limitations?
A: There may be some delays in the data updates due to the time required for national labor force surveys, and the trend may be subject to seasonal fluctuations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Denmark (LRHU24MADKM156S), retrieved from FRED.