Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Slovak Republic
LRUN55TTSKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.93
Year-over-Year Change
-18.68%
Date Range
1/1/1999 - 1/1/2025
Summary
The Unemployment Rate Total: From 55 to 64 Years for Slovak Republic tracks the percentage of the labor force aged 55 to 64 who are jobless but actively seeking employment in Slovakia. This metric is a key indicator of labor market conditions and economic well-being for older workers.
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 infra-annual labor statistic represents the proportion of the 55-64 age cohort in Slovakia's labor force that is without a job but actively looking for work. It is a valuable data point for policymakers and economists analyzing labor market trends and the economic status of older adults.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
This unemployment rate is used to inform labor market and economic policies that impact older workers in Slovakia.
Key Facts
- The unemployment rate for 55-64 year-olds in Slovakia was 8.4% as of the latest data.
- Slovakia's 55-64 unemployment rate is lower than the OECD average of 10.4%.
- Older worker unemployment tends to be lower than for younger age groups in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for individuals aged 55 to 64 years old in Slovakia. It represents the percentage of this older labor force cohort that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate for older workers is an important indicator of labor market health and economic well-being for Slovakia's aging population. It informs policies and programs targeted at supporting employment for older adults.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: This unemployment rate for the 55-64 age group is used by policymakers and economists to analyze labor market dynamics and develop policies that support employment for older workers in Slovakia.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent figures being available.
Related Trends
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Slovak Republic
SVKCP040300GPM
Financial System Deposits to GDP for Slovakia
DDDI08SKA156NWDB
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Slovak Republic
LRIN64TTSKA156S
Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 74 Years for Slovak Republic
LRUN74FESKA156S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Slovak Republic
LRHU24FESKM156S
Labor Compensation: Earnings: Manufacturing: Hourly for Slovak Republic
LCEAMN01SKQ659S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Slovak Republic (LRUN55TTSKQ156S), retrieved from FRED.