Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Slovak Republic
LRHUADMASKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.89
Year-over-Year Change
-64.67%
Date Range
1/1/1998 - 1/1/2024
Summary
The monthly unemployment rate for men aged 25 and over in the Slovak Republic is a key economic indicator that tracks labor market conditions and workforce participation.
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 data series from the OECD measures the percentage of the male labor force aged 25 and over in Slovakia who are unemployed and actively seeking work each month. It provides insights into the labor market and can inform economic policymaking.
Methodology
The data is collected through household labor force surveys conducted by the national statistical office.
Historical Context
The unemployment rate is widely used by economists, policymakers, and market analysts to assess the health of the Slovak economy.
Key Facts
- The average monthly unemployment rate for Slovak men 25+ was 5.8% in 2021.
- Slovakia's male unemployment rate peaked at 8.4% during the 2009 financial crisis.
- The male unemployment rate is typically lower than the overall rate in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This data series measures the monthly unemployment rate for men aged 25 and over in the Slovak Republic, providing insights into the state of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The male unemployment rate is a key indicator used by economists, policymakers, and market participants to assess the health of the Slovak economy and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the national statistical office in Slovakia.
Q: How is this trend used in economic policy?
A: The male unemployment rate is used by policymakers and central banks to inform decisions on monetary and fiscal policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. The series may be subject to revisions and may not fully capture all aspects of the labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Slovak Republic (LRHUADMASKA156N), retrieved from FRED.