Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Czechia
LMUNRRTTCZM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.14
Year-over-Year Change
9.45%
Date Range
1/1/1990 - 12/1/2012
Summary
This economic indicator tracks the total number of registered unemployed individuals in the Czech Republic, providing insight into labor market conditions and the balance between supply and demand for workers.
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 Registered Unemployment for Czechia metric represents the total number of people who are officially registered as unemployed with labor offices in the Czech Republic. This data is used by economists and policymakers to assess the health of the domestic labor market and inform decisions around employment policies.
Methodology
The data is collected directly from the Czech Labor Office, which maintains records of registered jobseekers.
Historical Context
This indicator is closely monitored by the Czech government and the European Union to gauge the effectiveness of labor market policies and identify potential areas for intervention.
Key Facts
- Registered unemployment in Czechia peaked at over 400,000 in 2021.
- The Czech labor market has seen a steady decline in registered unemployment since 2013.
- Czechia has one of the lowest unemployment rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of individuals who are officially registered as unemployed with labor offices in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The Registered Unemployment for Czechia metric provides important insights into the health of the domestic labor market, which is crucial for policymakers and economists to assess.
Q: How is this data collected or calculated?
A: The data is collected directly from the Czech Labor Office, which maintains records of registered jobseekers.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the Czech government and the European Union to gauge the effectiveness of labor market policies and identify potential areas for intervention.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with minimal delays, providing timely insights into the Czech labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Czechia (LMUNRRTTCZM156S), retrieved from FRED.