Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Ireland
LRHU24TTIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.56
Year-over-Year Change
-65.62%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the monthly unemployment rate for individuals aged 15 to 24 in Ireland. It provides valuable insights into labor market dynamics and youth employment challenges.
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 Total: From 15 to 24 Years for Ireland is an important economic indicator that tracks the unemployment rate among young adults in the Irish labor market. This data is used by economists, policymakers, and labor market analysts to understand workforce participation and assess the effectiveness of employment initiatives.
Methodology
The data is collected through household surveys conducted by the Irish Central Statistics Office.
Historical Context
This trend is closely monitored by the Irish government and the European Union to inform economic and social policies.
Key Facts
- Ireland's youth unemployment rate averaged 15.8% from 2015 to 2020.
- The unemployment rate for 15-24 year-olds is typically higher than the national average.
- Reducing youth unemployment is a key policy priority for the Irish government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 to 24 in Ireland. It provides insights into the labor market participation and employment challenges faced by young adults.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is an important indicator of economic and social well-being. It helps policymakers and analysts understand workforce dynamics and evaluate the effectiveness of youth employment initiatives.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Irish government and the European Union to inform policies and programs aimed at promoting youth employment and addressing labor market challenges.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 4-6 weeks. There may be limitations in capturing certain types of employment, such as informal or gig work.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Ireland (LRHU24TTIEA156N), retrieved from FRED.