Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Slovak Republic
LRAC74MASKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.30
Year-over-Year Change
0.64%
Date Range
1/1/1999 - 1/1/2024
Summary
The Labor Force Participation Rate Male: From 15 to 74 Years for Slovak Republic measures the percentage of the working-age male population in Slovakia that is employed or actively seeking work. This key indicator provides insights into the overall health and utilization of the Slovak labor market.
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 labor force participation rate tracks the active portion of an economy's labor force. This metric is widely used by economists and policymakers to evaluate employment trends, labor market dynamics, and the productive capacity of the Slovak workforce.
Methodology
The data is collected through household surveys conducted by the statistical office of Slovakia.
Historical Context
Policymakers and analysts use this labor force participation rate to inform employment, economic, and social policies.
Key Facts
- The labor force participation rate for Slovak men aged 15-74 was 72.7% in 2021.
- Slovakia's male labor force participation rate has remained relatively stable over the past decade.
- High labor force participation is associated with economic growth and prosperity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of working-age men in Slovakia who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key metric used by economists and policymakers to evaluate employment trends and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical office of Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this labor force participation rate to inform employment, economic, and social policies.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Slovak Republic (LRAC74MASKA156S), retrieved from FRED.