Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Portugal
LRHU24TTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.78
Year-over-Year Change
-43.08%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Portugal measures the unemployment rate for individuals aged 15 to 24 in Portugal on a monthly basis. This metric is crucial for understanding youth labor market dynamics and informing policymakers.
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 series tracks the unemployment rate for Portugal's population aged 15 to 24, providing insights into the challenges and opportunities facing young workers. It is used by economists, labor market analysts, and policymakers to assess the health of the country's youth employment landscape.
Methodology
The data is collected through nationally representative labor force surveys conducted by the statistical agency of Portugal.
Historical Context
This unemployment rate metric is widely used to evaluate the effectiveness of labor market policies and inform decisions around youth employment initiatives.
Key Facts
- Portugal's youth unemployment rate averaged 20.9% in 2021.
- The unemployment rate for 15-24 year-olds is typically higher than the overall rate.
- Youth unemployment is a key indicator of economic and social well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 to 24 in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the challenges facing young workers in Portugal's labor market and informing policymakers' decisions.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative labor force surveys conducted by the statistical agency of Portugal.
Q: How is this trend used in economic policy?
A: This unemployment rate is widely used to evaluate the effectiveness of labor market policies and inform decisions around youth employment initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Portugal (LRHU24TTPTA156N), retrieved from FRED.