Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Czechia
Annual, Seasonally Adjusted
LFHUTTTTCZA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,500.00
Year-over-Year Change
-60.89%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the unemployment rate in Zambia. This key economic indicator provides insights into the overall health of the Zambian labor market.
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 unemployment rate tracks the percentage of the Zambian labor force that is jobless but actively seeking employment. This metric is widely used by economists and policymakers to assess economic conditions and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the Zambian government.
Historical Context
The unemployment rate is a crucial input for monitoring Zambia's macroeconomic performance and designing appropriate fiscal and monetary policies.
Key Facts
- Zambia's unemployment rate averaged 12.5% from 2000 to 2020.
- The unemployment rate peaked at 14.2% in 2010.
- Underemployment remains a persistent challenge in the Zambian labor market.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the unemployment rate in Zambia, which is the percentage of the labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the Zambian labor market and economy. It provides important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Zambian government.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for monitoring Zambia's macroeconomic performance and designing appropriate fiscal and monetary policies to support employment and economic growth.
Q: Are there update delays or limitations?
A: The unemployment data is published annually with a delay of several months, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUTTTTCZA647S), retrieved from FRED.