Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for OECD
OECDLREM24MASTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.17
Year-over-Year Change
2.09%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for OECD' trend measures the employment rate for young men aged 15 to 24 across OECD countries. This provides valuable insights into youth labor market dynamics and economic development.
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 economic indicator tracks the percentage of the male population aged 15 to 24 who are employed within OECD nations. It is a key measure of labor force participation and utilization for this demographic, which is crucial for understanding workforce trends and economic conditions.
Methodology
The data is collected through labor force surveys administered by national statistical agencies and compiled by the OECD.
Historical Context
This employment rate is closely monitored by policymakers and analysts to assess labor market health and guide policies supporting youth employment.
Key Facts
- The average OECD employment rate for men aged 15-24 was 44.1% in 2021.
- Youth employment rates vary significantly across OECD countries, from under 30% to over 60%.
- Male youth employment has declined over the past two decades in many developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for males aged 15 to 24 across OECD countries, providing insights into youth labor market participation and utilization.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate is a crucial indicator of economic and social conditions, as it reflects the ability of young people to find work and participate in the labor force.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys administered by national statistical agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment rate to assess labor market health and guide policies supporting youth employment and economic development.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data reporting across OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for OECD (OECDLREM24MASTQ), retrieved from FRED.