Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Slovak Republic
LFHUADTTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142,166.67
Year-over-Year Change
-53.68%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the harmonized unemployment rate for individuals aged 25 and over in the Slovak Republic. It is a key indicator of labor market conditions and economic performance.
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 harmonized unemployment rate represents the number of unemployed persons as a percentage of the labor force. This metric is standardized across countries by the International Labour Organization to enable cross-country comparisons.
Methodology
The data is collected through national labor force surveys conducted by the national statistical office.
Historical Context
The unemployment rate is closely monitored by policymakers and economists to assess the health of the labor market and inform economic policy decisions.
Key Facts
- The Slovak Republic's unemployment rate was 6.1% as of the latest data.
- Unemployment rates tend to rise during economic downturns and fall during periods of growth.
- The harmonized unemployment rate is an important input for economic forecasting and policy analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the harmonized unemployment rate for individuals aged 25 and over in the Slovak Republic. It represents the number of unemployed persons as a percentage of the labor force.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market conditions and overall economic performance. It is closely monitored by policymakers and economists to assess the health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the national statistical office.
Q: How is this trend used in economic policy?
A: The unemployment rate is an important input for economic forecasting and policy analysis, informing decisions by governments, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay to allow for data collection and processing.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Slovak Republic
SVKCPHP0200IXOBM
Harmonized Index of Consumer Prices: Household Textiles for Slovakia
CP0520SKM086NEST
Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Slovakia
ELGAS0SKM086NEST
Production: Industry: Total Industry Excluding Construction for Slovak Republic
PRINTO01SKA657S
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Slovak Republic
SVKPFCEQDSMEI
Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Slovakia
CP0122SKM086NEST
Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Slovak Republic (LFHUADTTSKA647N), retrieved from FRED.