Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Czechia
LRUN74TTCZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
5.63%
Date Range
1/1/1998 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 74 Years for Czechia is a key economic indicator that measures the percentage of the Czech labor force aged 15 to 74 who are without jobs but actively seeking work. This metric is closely watched by policymakers and economists to assess the overall health of 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 unemployment rate statistic provides a comprehensive view of joblessness within the prime working-age population in Czechia. It is a widely used barometer of labor market conditions and economic performance, informing fiscal and monetary policy decisions.
Methodology
The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Historical Context
Policymakers and central banks monitor this unemployment rate to guide their decisions on stimulating economic growth and employment.
Key Facts
- Czechia has one of the lowest unemployment rates in the European Union.
- The unemployment rate for ages 15-74 in Czechia was 2.3% as of the latest data.
- Czechia's unemployment rate has remained stable and low compared to other EU member states.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Czechia measures the percentage of the Czech labor force aged 15 to 74 who are without jobs but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate statistic is a key indicator of labor market conditions and overall economic performance in Czechia, informing policy decisions by the government and central bank.
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: Policymakers and central banks monitor this unemployment rate to guide their decisions on stimulating economic growth and employment.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Czechia (LRUN74TTCZQ156S), retrieved from FRED.