Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Slovak Republic
LREM24TTSKA156S • 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 measures the percentage of the population aged 15 to 24 who are employed. This key labor market indicator provides insights into youth employment and economic opportunities.
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 infra-annual employment rate statistic tracks the share of the young working-age population that is actively employed in the Slovak Republic. It serves as an important metric for assessing the labor force participation and economic inclusion of youth.
Methodology
The data is collected through household and labor force surveys conducted by the Slovak Statistical Office.
Historical Context
Policymakers and economists use this indicator to monitor labor market trends and evaluate the effectiveness of policies aimed at promoting youth employment.
Key Facts
- The employment rate for ages 15-24 in Slovakia was 36.5% in 2021.
- Youth employment in Slovakia has gradually recovered since the 2008 financial crisis.
- Promoting youth employment is a key policy priority for the Slovak government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the population aged 15 to 24 in the Slovak Republic who are employed.
Q: Why is this trend relevant for users or analysts?
A: This youth employment rate is an important indicator of labor market conditions and economic opportunities for young people in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor labor market trends and evaluate the effectiveness of policies aimed at promoting youth employment in Slovakia.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent figures being available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Slovak Republic
SVKCPHP0403GYM
Insurance Company Assets to GDP for Slovakia
DDDI11SKA156NWDB
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic
SVKCP120000GPQ
Harmonized Index of Consumer Prices: Carpets and Other Floor Coverings for Slovakia
CP0512SKM086NEST
Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Slovak Republic
SVKFCLODCHGGDPPT
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Slovak Republic
SVKCPGRSE01GYQ
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Slovak Republic (LREM24TTSKA156S), retrieved from FRED.