Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Czechia
LRUN64TTCZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.54
Year-over-Year Change
5.51%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the unemployment rate for individuals aged 15 to 64 in Czechia. It provides valuable insights into the labor market and economic conditions within the country.
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
The Unemployment Rate Total: From 15 to 64 Years for Czechia is an important economic indicator used to assess the overall health of the Czech labor market. It represents the percentage of the working-age population that is without a job but actively seeking employment.
Methodology
This data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions around employment, fiscal, and monetary policies.
Key Facts
- Czechia has one of the lowest unemployment rates in the European Union.
- The unemployment rate for 15-64 year olds in Czechia was 2.2% as of the latest data.
- Czechia's labor market is known for its low levels of long-term unemployment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for individuals aged 15 to 64 in Czechia. It represents the percentage of the working-age population that is without a job but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market conditions and economic health. This trend provides valuable insights into the overall strength of the Czech economy and can inform policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to inform decisions around employment, fiscal, and monetary policies in Czechia.
Q: Are there update delays or limitations?
A: The data for this trend is typically published on a monthly or quarterly basis, with some potential for short delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Czechia (LRUN64TTCZQ156S), retrieved from FRED.