Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Slovak Republic
LFAC74TTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,757,435.00
Year-over-Year Change
-0.31%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Slovak Republic' measures the total labor force in Slovakia for individuals aged 15 to 74. This key economic indicator provides insights into the size and dynamics of the country's working-age population.
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 labor force statistic represents the total number of individuals in Slovakia between the ages of 15 and 74 who are either employed or actively seeking work. It is a crucial metric for understanding the overall health and potential of the Slovak labor market.
Methodology
The data is collected through household surveys by the national statistical agency.
Historical Context
Policymakers and economists use this labor force trend to inform economic and workforce development strategies.
Key Facts
- The labor force in Slovakia totaled over 2.7 million as of the latest data.
- The participation rate for the 15-74 age group was approximately 70%.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Slovak Republic' measures the total number of people in Slovakia aged 15 to 74 who are either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This labor force statistic is a crucial indicator of the overall health and potential of the Slovak economy, as it provides insights into the size and dynamics of the country's working-age population.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this labor force trend to inform economic and workforce development strategies in Slovakia.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the latest data, as it is collected and published by the national statistical agency.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Slovak Republic (LFAC74TTSKQ647S), retrieved from FRED.