Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Slovak Republic
LREM64TTSKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.51
Year-over-Year Change
2.40%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the employment rate for individuals aged 15 to 64 in the Slovak Republic. It provides insight into the overall labor market participation and economic activity 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
The employment rate is a key indicator of labor market performance, reflecting the ability of an economy to provide jobs for its working-age population. This metric is widely used by economists and policymakers to assess the health and resilience of the Slovak labor market.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
The employment rate is a crucial input for economic analysis and policy decisions related to workforce, productivity, and social welfare.
Key Facts
- The employment rate in the Slovak Republic was 73.4% in 2021.
- The employment rate for women was 67.8% compared to 78.7% for men in 2021.
- The Slovak Republic's employment rate has steadily increased since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 15 to 64 in the Slovak Republic, indicating the percentage of the working-age population that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of labor market performance and economic activity, providing insights into the overall health and resilience of the Slovak economy.
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: The employment rate is a crucial input for economic analysis and policy decisions related to workforce, productivity, and social welfare in the Slovak Republic.
Q: Are there update delays or limitations?
A: The employment rate data is published regularly by the Slovak Statistical Office, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Slovak Republic (LREM64TTSKQ156S), retrieved from FRED.