Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Slovak Republic
LFAC64TTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,710,000.00
Year-over-Year Change
-2.10%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the total labor force in the Slovak Republic for individuals aged 15 to 64. It provides crucial insights into the size and composition of the working-age population, which is a key factor in economic growth and policymaking.
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 Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Slovak Republic tracks the total number of working-age individuals who are employed or actively seeking employment in Slovakia. This data is used by economists and policymakers to analyze labor market dynamics and inform workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
This trend is widely used to assess the health of the Slovak labor market and inform economic policies aimed at promoting employment and productivity.
Key Facts
- The Slovak labor force totaled over 2.7 million in 2021.
- The labor force participation rate for ages 15-64 in Slovakia was 72.5% in 2021.
- Slovakia's working-age population has declined in recent years due to aging and emigration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 15 to 64 who are employed or actively seeking employment in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the size and composition of the working-age population in Slovakia, which is a key factor in economic growth and policymaking.
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 trend is widely used to assess the health of the Slovak labor market and inform economic policies aimed at promoting employment and productivity.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Slovak Republic (LFAC64TTSKA647N), retrieved from FRED.