Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Slovak Republic
LRHU24MASKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.37
Year-over-Year Change
-45.05%
Date Range
1/1/1998 - 1/1/2024
Summary
The Monthly Unemployment Rate Male: From 15 to 24 Years for Slovak Republic measures the unemployment rate for men aged 15 to 24 in Slovakia. This key labor market indicator provides insights into youth employment dynamics.
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 economic trend represents the monthly unemployment rate for men aged 15 to 24 in Slovakia. It is a crucial metric for analyzing labor market conditions and the economic prospects of young workers in the country.
Methodology
The data is collected through household surveys conducted by the statistical agency of Slovakia.
Historical Context
Policymakers and economists use this indicator to inform workforce development and labor market policies.
Key Facts
- Slovakia's youth unemployment rate was 17.6% in 2021.
- Male youth unemployment is typically higher than the overall rate.
- Monitoring this indicator helps policymakers address skill gaps and job opportunities for young workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for men aged 15 to 24 in Slovakia. It provides insights into the labor market conditions and employment prospects for young male workers in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding the dynamics of the labor market, particularly the challenges faced by young workers. It helps inform policy decisions and workforce development strategies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical agency of Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor youth employment, assess the effectiveness of labor market policies, and inform workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Slovak Republic (LRHU24MASKA156N), retrieved from FRED.