Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Slovak Republic
LFIN24TTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
388,634.40
Year-over-Year Change
-2.62%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total number of persons aged 15 to 24 years who are outside the labor force in the Slovak Republic. It provides insights into youth participation in the labor market and labor force 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 tracks individuals in this age group who are not employed and not actively seeking work. This metric is useful for analyzing labor market trends and evaluating policies aimed at increasing youth engagement.
Methodology
The data is collected through household surveys conducted by the statistical office of the Slovak Republic.
Historical Context
This trend is valuable for policymakers, economists, and labor market analysts to assess labor force participation and design policies to promote youth employment.
Key Facts
- The trend covers persons aged 15 to 24 years in the Slovak Republic.
- It measures the total number of individuals outside the labor force in this age group.
- Understanding youth labor force participation is crucial for policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 15 to 24 years who are outside the labor force in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into youth labor force participation, which is crucial for policymakers and labor market analysts to assess and address employment challenges.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers, economists, and labor market analysts to assess labor force participation and design policies to promote youth employment.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological approaches of the statistical office of the Slovak Republic.
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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 (LFIN24TTSKQ647S), retrieved from FRED.