Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Slovak Republic
Annual, Not Seasonally Adjusted
LFHUTTTTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147,750.00
Year-over-Year Change
-61.77%
Date Range
1/1/1994 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in Slovakia. It provides insight into the overall labor market conditions and employment situation in the country.
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 annual, not seasonally adjusted unemployment rate in Slovakia is an important indicator of the country's economic performance and labor market dynamics. It reflects the total share of the labor force that is without a job, offering a broad view of employment trends over a 12-month period.
Methodology
The data is collected through household surveys conducted by the national statistical office.
Historical Context
Policymakers and economists use this trend to evaluate the health of the Slovak labor market and inform economic and social policies.
Key Facts
- Slovakia's annual, not seasonally adjusted unemployment rate was 6.1% in 2021.
- The rate has declined from a high of 14.5% in 2010 following the global financial crisis.
- Unemployment tends to be higher in rural and industrial regions compared to urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in Slovakia, which reflects the total share of the labor force that is without a job over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides important insights into the overall health and dynamics of the Slovak labor market, which is crucial for policymakers, economists, and businesses to evaluate.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical office in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the employment situation in Slovakia and inform economic and social policies aimed at promoting job creation and supporting the labor market.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of several months, and may not capture short-term fluctuations in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTSKA647N), retrieved from FRED.