Labor force participation rate for ages 15-24, total (%) (national estimate)

The labor force engagement of young individuals aged 15-24 reflects not only the economic vitality of a nation but also highlights the potential for skill development and future workforce trends. This metric indicates the percentage of youth actively involved in the labor market, encompassing all who are contributing labor towards the creation of goods and services during a designated timeframe. A higher participation rate often signifies robust job opportunities, effective career readiness programs, and an inclusive economic environment. Conversely, lower rates may point to barriers such as educational commitments, economic downturns, or limited job availability, thereby influencing policy decisions aimed at enhancing youth employment and fostering a more dynamic economy. Source: