Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Slovak Republic
LRUN74TTSKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.24
Year-over-Year Change
-16.89%
Date Range
1/1/1999 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 74 Years for Slovak Republic measures the percentage of the labor force in Slovakia that is unemployed within the 15 to 74 age range. This key indicator provides insight into the health of the Slovak economy and labor market.
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 trend represents the share of the active labor force in Slovakia that is without employment, calculated as a percentage of the total labor force aged 15 to 74. Policymakers and analysts use this data to assess the overall employment and economic conditions in the country.
Methodology
The data is collected through national labor force surveys conducted by the Statistical Office of the Slovak Republic.
Historical Context
The unemployment rate is a crucial metric used by central banks, governments, and market participants to inform economic and labor policies.
Key Facts
- Slovakia's unemployment rate peaked at 19.3% in 2010.
- The rate has declined steadily since 2013, reaching 5.8% in 2021.
- Unemployment disproportionately affects young workers in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 15 to 74 Years for Slovak Republic measures the percentage of the labor force in Slovakia that is unemployed within the 15 to 74 age range.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the health of the Slovak economy and labor market, informing economic and labor policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial metric used by central banks, governments, and market participants to inform economic and labor policies.
Q: Are there update delays or limitations?
A: The data is provided on an intra-annual basis, with some potential for delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Slovak Republic (LRUN74TTSKQ156S), retrieved from FRED.