Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Slovak Republic
LREM24TTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.75
Year-over-Year Change
7.67%
Date Range
1/1/1999 - 1/1/2024
Summary
The Employment Rate Total: From 15 to 24 Years for Slovak Republic trend measures the percentage of the Slovak population aged 15 to 24 who are employed. This data point is crucial for understanding youth labor market dynamics and informing policymakers.
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 indicator tracks employment levels among young adults in Slovakia, providing insights into labor force participation, job availability, and economic opportunities for the country's next generation of workers.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
Policy analysts and economists use this metric to assess the health of the Slovak labor market and develop targeted employment initiatives.
Key Facts
- The employment rate for 15-24 year olds in Slovakia was 33.9% in 2021.
- Youth employment in Slovakia has declined by 7 percentage points since 2008.
- Slovakia's youth employment rate is below the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Slovak population aged 15 to 24 who are employed, providing insights into youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health of the Slovak labor market and developing targeted employment initiatives for young adults.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policy analysts and economists use this metric to assess the state of the Slovak labor market and inform policies aimed at improving employment opportunities for young people.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, with potential delays in publication due to survey collection and processing timelines.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Slovak Republic (LREM24TTSKA156N), retrieved from FRED.