Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Czechia
LRUN25TTCZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.12
Year-over-Year Change
-3.28%
Date Range
1/1/1998 - 1/1/2025
Summary
The Unemployment Rate Total: From 25 to 54 Years for Czechia is a key labor market indicator that tracks the percentage of the Czech workforce aged 25 to 54 who are unemployed. This metric provides valuable insights into the economic health and employment trends within the prime working-age population.
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 indicator measures the unemployment rate for individuals between 25 and 54 years old in Czechia. It is an important metric for policymakers and analysts to monitor as the 25-54 age group represents the core of the active labor force and is closely tied to broader economic performance.
Methodology
The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Historical Context
The unemployment rate for prime-age workers is a crucial input for evaluating the strength of the Czech labor market and informing economic policies.
Key Facts
- Czechia's unemployment rate for 25-54 year-olds was 2.5% in 2021.
- The 25-54 age group accounts for over 60% of Czechia's total labor force.
- Unemployment in this demographic is a key indicator of the country's economic stability.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 25 to 54 Years for Czechia measures the percentage of the Czech workforce aged 25 to 54 who are currently unemployed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength of the Czech labor market and the economic well-being of the prime working-age population, which is crucial for evaluating the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The unemployment rate for prime-age workers is a key input for policymakers and economists when assessing the health of the Czech labor market and informing economic policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Czechia (LRUN25TTCZQ156S), retrieved from FRED.