Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Slovak Republic
LFACTTTTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,753,642.00
Year-over-Year Change
-0.27%
Date Range
4/1/1993 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Slovak Republic' series measures the total labor force, including employed and unemployed individuals aged 15 and over, in the Slovak Republic. This metric is crucial for economists and policymakers to assess the health and dynamics of the country's 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 series represents the total number of people in the Slovak Republic's labor force, which includes both employed and unemployed individuals aged 15 and above. It is an important indicator of the overall size and composition of the working-age population and is used to analyze trends in labor supply, participation, and utilization.
Methodology
The data is collected through household surveys conducted by the national statistical office.
Historical Context
This labor force metric is widely used by economists, policymakers, and market analysts to monitor employment conditions and inform economic and social policies.
Key Facts
- The Slovak Republic's labor force totaled over 2.7 million people in 2022.
- The labor force participation rate in the Slovak Republic was approximately 60% in 2021.
- Women make up around 47% of the total labor force in the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Slovak Republic' series measures the total number of people in the labor force, including both employed and unemployed individuals aged 15 and above, in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This labor force metric is crucial for economists and policymakers to assess the overall health and dynamics of the Slovak Republic's labor market, which informs economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical office in the Slovak Republic.
Q: How is this trend used in economic policy?
A: This labor force statistic is widely used by economists, policymakers, and market analysts to monitor employment conditions and inform economic and social policies in the Slovak Republic.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential delays in availability depending on the statistical office's release schedule.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Slovak Republic (LFACTTTTSKQ647S), retrieved from FRED.