Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Slovak Republic
LRHUTTMASKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.77
Year-over-Year Change
-24.34%
Date Range
1/1/1998 - 1/1/2025
Summary
The Monthly Unemployment Rate Male: 15 Years or over for Slovak Republic is an important economic indicator that tracks the unemployment level among men aged 15 and older in the Slovak Republic. This metric is closely monitored by economists and policymakers to assess the health of the labor market.
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 series represents the percentage of the male civilian labor force aged 15 and above in the Slovak Republic who are without jobs but actively seeking work. It is a widely used indicator of labor market conditions and a key input for fiscal and monetary policy decisions.
Methodology
The data is collected through household surveys conducted by the Statistical Office of the Slovak Republic.
Historical Context
The unemployment rate is a critical variable in evaluating the Slovak economy and informing government policies aimed at promoting employment and economic growth.
Key Facts
- The unemployment rate for Slovak men peaked at 20.1% in January 2010.
- The rate has steadily declined since 2013, reaching 5.7% as of the latest data.
- Slovakia's male unemployment rate is lower than the EU average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Slovak Republic measures the percentage of the male civilian labor force in Slovakia who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of labor market conditions in Slovakia and is closely watched by economists, policymakers, and investors to assess the overall health of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The male unemployment rate in Slovakia is a critical input for fiscal and monetary policy decisions aimed at promoting employment and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insights into labor market conditions in Slovakia.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Slovak Republic (LRHUTTMASKQ156S), retrieved from FRED.