Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Slovak Republic
LFIN24TTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
386,400.00
Year-over-Year Change
-22.76%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the total number of persons aged 15 to 24 years old who are outside the labor force in the Slovak Republic. Understanding youth labor force participation is important for economists and policymakers studying labor market dynamics.
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: Persons Outside the Labor Force Total: From 15 to 24 Years for Slovak Republic trend represents the population of young adults in Slovakia who are not employed or actively seeking work. This data point provides insights into labor force participation and potential workforce capacity.
Methodology
The data is collected through household surveys conducted by the Slovak statistical agency.
Historical Context
This metric is used by policymakers and analysts to assess labor market conditions and potential areas for employment or training initiatives.
Key Facts
- The data is reported on a quarterly basis.
- Slovakia's youth labor force participation has remained relatively stable in recent years.
- Monitoring this trend can help identify potential skills gaps or workforce development needs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 24 years old who are outside the labor force in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth labor force participation is important for economists and policymakers studying labor market dynamics and potential workforce capacity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak statistical agency.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess labor market conditions and potential areas for employment or training initiatives.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a short delay in availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Slovak Republic (LFIN24TTSKA647N), retrieved from FRED.