Percent, Seasonally Adjusted
LRHU24MAG7M156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.60
Year-over-Year Change
-9.38%
Date Range
1/1/2004 - 9/1/2017
Summary
This economic trend measures the seasonally adjusted percentage of persons aged 16 to 24 who are not enrolled in school and not employed. It provides insight into the labor force participation and economic activity of young adults.
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 Percent Not in School and Not Working, Seasonally Adjusted indicator tracks the share of the population aged 16 to 24 who are neither enrolled in an educational program nor employed. This metric is used by economists and policymakers to assess the engagement of young adults in the labor market and education system.
Methodology
The data is collected through the U.S. Current Population Survey and calculated as a percentage of the total 16-to-24 year old population.
Historical Context
This trend is relevant for understanding workforce development, educational attainment, and broader economic conditions affecting young adults.
Key Facts
- The percent not in school and not working reached a high of 19.9% in April 2020 during the COVID-19 pandemic.
- Young adults not engaged in school or work tend to have lower future earnings and a higher risk of long-term unemployment.
- Tracking this metric helps policymakers identify opportunities to support education and workforce development programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted percentage of persons aged 16 to 24 who are not enrolled in school and not employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor force participation and economic activity of young adults, which is useful for understanding workforce development, educational attainment, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and calculated as a percentage of the total 16-to-24 year old population.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers seeking to support education and workforce development programs that engage young adults not currently in school or employment.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Not in School and Not Working, Seasonally Adjusted (LRHU24MAG7M156S), retrieved from FRED.