Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Slovak Republic
LRAC24MASKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.33
Year-over-Year Change
-12.69%
Date Range
1/1/1999 - 1/1/2024
Summary
The Labor Force Participation Rate Male: From 15 to 24 Years for Slovak Republic measures the percentage of working-age males aged 15 to 24 who are employed or actively seeking work in the Slovak Republic. This statistic is a key indicator of the labor market and economic activity for young men 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
This labor force participation rate reflects the share of the male population aged 15 to 24 that is either employed or actively looking for work in Slovakia. It is used by economists and policymakers to analyze trends in youth employment, labor supply, and economic conditions.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
This metric provides important context for assessing the overall health of the Slovak labor market and can inform policy decisions related to job creation, education, and workforce development.
Key Facts
- The labor force participation rate for young Slovak men averaged 42.4% in 2021.
- Male labor force participation has declined by 8 percentage points since 2000 in Slovakia.
- Youth unemployment remains a persistent challenge in the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of Slovak males aged 15 to 24 who are employed or actively seeking work, providing insight into youth labor force participation in the country.
Q: Why is this trend relevant for users or analysts?
A: This labor force participation rate is a key indicator of the health of the Slovak labor market, particularly for younger workers, and can inform policy decisions related to employment, education, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state of the Slovak labor market, particularly for younger workers, and to inform policies aimed at promoting employment, job creation, and workforce development.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data collection and reporting by the national statistical agency.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Slovak Republic (LRAC24MASKA156N), retrieved from FRED.