Quarterly, Seasonally Adjusted
SVKEMPMALQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,311.22
Year-over-Year Change
-4.84%
Date Range
1/1/1994 - 10/1/2011
Summary
The Quarterly, Seasonally Adjusted series measures the unemployment rate in Slovakia. This key economic indicator provides insights into the labor market and overall economic conditions.
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 Quarterly, Seasonally Adjusted unemployment rate tracks the percentage of the labor force in Slovakia that is jobless, based on a standardized methodology. This data is widely used by economists and policymakers to assess economic performance and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the national statistical office.
Historical Context
The unemployment rate is a crucial metric for monitoring the health of the Slovak economy and informing macroeconomic policies.
Key Facts
- Slovakia's unemployment rate averaged 7.5% from 2010-2020.
- The unemployment rate peaked at 10.1% in 2013 during the European debt crisis.
- Youth unemployment remains a persistent challenge in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the unemployment rate in Slovakia, which represents the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of economic performance and labor market conditions, providing insights that inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical office in Slovakia.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by economists and policymakers to assess the health of the Slovak economy and guide macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SVKEMPMALQDSMEI), retrieved from FRED.