Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic
LFHU24TTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,250.00
Year-over-Year Change
-66.11%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the total monthly unemployment rate for individuals aged 15 to 24 in the Slovak Republic. It provides key insights into youth labor market dynamics and is a crucial indicator for policymakers assessing 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 Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic trend represents the number of unemployed persons aged 15 to 24 in Slovakia on a monthly basis. This data point is widely used by economists and analysts to evaluate labor market performance and the effectiveness of economic policies targeting youth employment.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
This trend is closely monitored by policymakers and central banks to inform decisions on fiscal and monetary policies aimed at promoting employment and economic growth.
Key Facts
- The average youth unemployment rate in Slovakia is around 18%.
- Slovakia's youth unemployment rate is higher than the European Union average.
- Youth unemployment is a key concern for policymakers in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly unemployment rate for individuals aged 15 to 24 in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the labor market performance and dynamics for youth in Slovakia, which is a key concern for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and central banks to inform decisions on fiscal and monetary policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic (LFHU24TTSKA647N), retrieved from FRED.