Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Slovak Republic
LFEASETTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,662,488.00
Year-over-Year Change
4.71%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures total employment in the services sector of the Slovak Republic, providing insight into the country's labor market and economic activity.
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 Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Slovak Republic trend tracks the number of people employed in the services sector of the Slovak economy. This data is used by economists and policymakers to analyze labor market dynamics and overall economic performance.
Methodology
This data is collected through labor force surveys conducted by the Slovak Statistical Office.
Historical Context
This trend is relevant for understanding the health of the Slovak services sector and informing economic policy decisions.
Key Facts
- The services sector accounts for over 60% of Slovakia's GDP.
- Employment in Slovakia's services sector has grown steadily since the early 2000s.
- Women make up a larger share of services sector employment compared to other industries in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the services sector of the Slovak Republic, including industries like retail, finance, and healthcare.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and dynamics of Slovakia's services sector, which is a major driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the strength of the Slovak services sector and inform decisions related to economic development, labor market policies, and services industry regulation.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Slovak Republic (LFEASETTSKQ647S), retrieved from FRED.