Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for OECD
OECDLFEM24TTGPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
-86.69%
Date Range
4/1/2007 - 7/1/2023
Summary
This economic trend measures total employment for individuals aged 15 to 24 years old across OECD countries. It provides insight into youth labor market dynamics and is a key indicator for policymakers monitoring workforce 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
The 'Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for OECD' series tracks the quarterly employment levels of young workers across OECD member states. It is a valuable tool for analyzing labor market trends and can help inform policy decisions related to employment, education, and economic development.
Methodology
The data is collected through household and establishment surveys conducted by national statistical agencies and aggregated by the OECD.
Historical Context
This employment trend is closely watched by central banks, labor ministries, and international economic organizations to assess the health of labor markets and guide policy responses.
Key Facts
- Youth employment levels vary significantly across OECD countries.
- Young workers are often more vulnerable to economic downturns.
- Improving youth employment is a key policy priority for many governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment levels of individuals aged 15 to 24 years old across OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: This employment data for young workers provides important insights into labor market dynamics and can inform policy decisions related to education, workforce development, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by national statistical agencies and aggregated by the OECD.
Q: How is this trend used in economic policy?
A: Central banks, labor ministries, and international organizations closely monitor this employment trend to assess labor market health and guide policy responses.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and differences in survey methodologies across OECD countries, which can affect the timeliness and comparability of the employment figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for OECD (OECDLFEM24TTGPQ), retrieved from FRED.