Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Slovak Republic
LFAC24TTSKQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141,200.00
Year-over-Year Change
6.89%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Slovak Republic' measures the size of the labor force aged 15 to 24 in Slovakia. This metric provides insight into youth employment and labor market dynamics.
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 total labor force, defined as the sum of employed and unemployed individuals, for the 15 to 24 year-old population in Slovakia. It is a key indicator for analyzing workforce participation and availability among young adults.
Methodology
The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Historical Context
Policymakers and economists use this metric to assess labor market conditions and development for younger workers.
Key Facts
- The labor force aged 15-24 in Slovakia totaled 335,000 in 2022.
- Youth labor force participation rate in Slovakia was 47.5% in 2022.
- Slovakia's 15-24 year-old labor force has decreased by 10% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force, both employed and unemployed, for individuals aged 15 to 24 years old in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into youth employment and labor market dynamics, which are key considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess labor market conditions and development for younger workers in Slovakia.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in survey coverage or methodological changes over time.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Slovak Republic (LFAC24TTSKQ647N), retrieved from FRED.