Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Slovak Republic
LRHUADTTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-61.61%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the monthly unemployment rate for individuals aged 25 and over in the Slovak Republic. It provides important insights into the country's labor market dynamics and overall economic health.
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 Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Slovak Republic tracks the percentage of the population aged 25 and above who are actively seeking work but unable to find employment. This data point is a key indicator of economic and workforce conditions in the country.
Methodology
The data is collected through household surveys conducted by the statistical agency of the Slovak Republic.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the strength of the Slovak labor market and inform economic policy decisions.
Key Facts
- The Slovak Republic's unemployment rate for those aged 25 and over was 5.1% as of the latest data.
- Unemployment rates tend to be higher for younger workers compared to those 25 and over.
- Long-term unemployment remains a persistent challenge in the Slovak labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 25 and over in the Slovak Republic. It provides insights into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate for those 25 and over is a key indicator of the overall health of the Slovak labor market and economy. It is closely monitored by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical agency of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers use this unemployment data to assess the strength of the Slovak labor market and inform decisions on economic policies and programs.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the latest monthly unemployment data due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Slovak Republic (LRHUADTTSKA156N), retrieved from FRED.