Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Czechia
LRUN24TTCZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.81
Year-over-Year Change
40.56%
Date Range
1/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Czechia measures the percentage of the Czech labor force aged 15 to 24 that is without work but actively seeking employment. This metric provides timely insight into youth unemployment trends in the Czech economy.
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 indicator tracks the short-term unemployment rate for young workers in Czechia. It is a key statistic used by policymakers and economists to assess the health of the Czech labor market and inform decisions around education, training, and job creation programs.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
Monitoring youth unemployment is crucial for understanding economic conditions and informing workforce development policies.
Key Facts
- Czechia has one of the lowest youth unemployment rates in the EU.
- The current youth unemployment rate in Czechia is around 6%.
- Youth unemployment is a key indicator of economic opportunity and social inclusion.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the short-term unemployment rate for young workers aged 15 to 24 in Czechia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring youth unemployment is crucial for understanding economic conditions and informing workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the health of the Czech labor market and inform decisions around education, training, and job creation programs.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, providing timely insight into youth unemployment trends in Czechia.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Czechia (LRUN24TTCZQ156S), retrieved from FRED.