Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for OECD
OECDLFIN24MASTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,004,790.00
Year-over-Year Change
0.38%
Date Range
7/1/2010 - 1/1/2025
Summary
This economic trend measures the number of males aged 15 to 24 years who are outside the labor force in OECD countries. It provides important insights into youth employment and engagement in the labor market.
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: Persons Outside the Labor Force Male: From 15 to 24 Years for OECD is a key indicator used by economists and policymakers to assess labor market participation and potential workforce availability among young men in developed economies.
Methodology
This data is collected through household and labor force surveys conducted by national statistical agencies and compiled by the OECD.
Historical Context
Trends in this metric are closely monitored by governments and central banks to inform labor market and economic policies.
Key Facts
- The OECD averages 11.2 million males aged 15-24 outside the labor force.
- The U.S. accounts for around 1.8 million of these young men out of the labor force.
- Labor force non-participation is higher among young men in Southern European countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of males aged 15 to 24 years who are outside the labor force in OECD countries. It provides insights into youth employment and engagement in the labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess labor market participation and potential workforce availability among young men in developed economies.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by national statistical agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by governments and central banks to inform labor market and economic policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a short lag, and may be subject to revisions by the OECD.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for OECD (OECDLFIN24MASTQ), retrieved from FRED.