Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Finland
LRIN24MAFIA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.80
Year-over-Year Change
-0.98%
Date Range
1/1/1998 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Finland measures the percentage of Finnish men aged 15 to 24 who are not employed or actively seeking work. This trend provides insights into youth labor force participation.
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 statistic represents the share of the male population aged 15 to 24 in Finland who are neither employed nor seeking employment. It is a key indicator of labor market engagement and inactivity among young adults.
Methodology
The data is collected through household surveys by Statistics Finland.
Historical Context
Policymakers and economists use this metric to monitor labor force trends and develop programs to increase youth employment.
Key Facts
- Finland's male youth inactivity rate averaged 9.5% from 2000-2022.
- The rate peaked at 11.3% in 2010 during the global financial crisis.
- Finland has one of the lowest youth inactivity rates among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Finnish men aged 15 to 24 who are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into youth labor force participation and engagement, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor labor force trends and develop programs to increase youth employment.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be some delay in the most recent observations.
Related Trends
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Finland
IR3TIB01FIM156N
Consumer Price Index: Communication (COICOP 08): Total for Finland
FINCP080000IXNBQ
Consumer Price Index: All Items: Total for Finland
CPALTT01FIM657N
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Finland
IRSTCB01FIM156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Finland
CPGREN01FIA659N
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Finland
FINLORSGPNOSTSAM
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Finland (LRIN24MAFIA156S), retrieved from FRED.