Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Russia
RUSLREM24TTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.58
Year-over-Year Change
-2.83%
Date Range
8/1/2009 - 12/1/2021
Summary
The Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Russia measures the employment rate for individuals aged 15 to 24 in Russia. This key economic indicator provides insights into the labor market participation and economic opportunities for young workers.
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 series represents the percentage of the Russian population aged 15 to 24 that is employed. It is a valuable metric for analyzing the labor force participation and economic prospects of the youth demographic, which is crucial for understanding the country's economic development and potential.
Methodology
The data is collected through household surveys and labor force surveys conducted by the Russian Federal State Statistics Service.
Historical Context
Policymakers and economists use this employment rate trend to evaluate the effectiveness of labor market policies and programs aimed at supporting young workers.
Key Facts
- The employment rate for 15-24 year olds in Russia was 33.9% in 2021.
- Youth employment rates in Russia have declined from over 40% in the early 2000s.
- Improving youth employment is a key policy priority for the Russian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 15 to 24 in Russia. It represents the percentage of the youth population that is employed.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate is a crucial indicator of economic opportunities and labor market participation for young workers, which is important for understanding a country's economic development and potential.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and labor force surveys conducted by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment rate trend to evaluate the effectiveness of labor market policies and programs aimed at supporting young workers in Russia.
Q: Are there update delays or limitations?
A: There may be delays in the release of the latest data, and the survey methodology and coverage could vary over time.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Russia (RUSLREM24TTSTSAM), retrieved from FRED.