Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Czechia
Annual, Not Seasonally Adjusted
LRUN55TTCZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-65.67%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual unemployment rate in Zambia. It provides important insights into the overall state of the Zambian labor market and 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 annual unemployment rate series tracks the percentage of the Zambian labor force that is without a job but actively seeking work. The data is published by the International Labor Organization and used by economists and policymakers to analyze employment trends and inform economic policies.
Methodology
The data is calculated based on national labor force surveys conducted in Zambia.
Historical Context
Zambia's unemployment rate is a key indicator monitored by the government, central bank, and international financial institutions.
Key Facts
- Zambia's annual unemployment rate was 12.1% in 2021.
- Youth unemployment is a persistent challenge, reaching over 23% in recent years.
- The agricultural sector employs the largest share of the Zambian workforce.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the overall unemployment rate in Zambia on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Zambia's unemployment rate is a key indicator of labor market health and economic performance, informing policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is based on national labor force surveys conducted in Zambia.
Q: How is this trend used in economic policy?
A: Zambia's unemployment rate is monitored by the government, central bank, and international institutions to assess the state of the labor market and inform economic policies.
Q: Are there update delays or limitations?
A: The annual unemployment data may have a delay of up to 18 months before publication.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTCZA156N), retrieved from FRED.