Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for OECD
OECDLFAC24TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,110,930.00
Year-over-Year Change
4.06%
Date Range
7/1/2010 - 1/1/2025
Summary
This economic trend measures the total labor force aged 15 to 24 years in OECD countries. It provides insights into youth employment and participation, which are crucial indicators for policymakers and economists.
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: Labor Force Total: From 15 to 24 Years for OECD represents the size of the youth labor force across developed economies. This data is used to analyze labor market conditions, workforce dynamics, and the economic well-being of young adults.
Methodology
The data is collected through national labor force surveys and compiled by the OECD.
Historical Context
This trend is widely used by policymakers, labor economists, and international organizations to inform workforce development strategies and youth employment initiatives.
Key Facts
- Youth labor force totaled over 160 million in OECD countries in 2021.
- Youth unemployment rate in OECD was nearly double the overall rate in 2020.
- Youth labor force participation varies widely across OECD economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the labor force aged 15 to 24 years across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: The youth labor force is a crucial indicator of economic conditions and workforce dynamics, informing policymakers and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, labor economists, and international organizations to inform workforce development strategies and youth employment initiatives.
Q: Are there update delays or limitations?
A: The data is updated quarterly, but there may be some delays in reporting from certain OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for OECD (OECDLFAC24TTSTQ), retrieved from FRED.