Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Slovak Republic
LFEAICTTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
910,725.00
Year-over-Year Change
4.19%
Date Range
1/1/1994 - 1/1/2024
Summary
This economic trend measures total employment in the Slovak Republic, including the construction industry. It provides insight into the overall labor market and economic activity in the country.
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: Employment: Economic Activity: Industry (Including Construction): Total for Slovak Republic trend represents the total number of employed individuals in the Slovak Republic, including those in the construction industry. This metric is a key indicator of economic conditions and can inform policy decisions.
Methodology
The data is collected through labor force surveys conducted by the statistical office in Slovakia.
Historical Context
This employment trend is closely monitored by policymakers and economists to assess the health of the Slovak economy.
Key Facts
- Total employment in Slovakia, including construction, reached over 2.5 million in 2021.
- The construction industry accounts for approximately 8% of total employment in Slovakia.
- Employment levels in Slovakia have gradually recovered since the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals in the Slovak Republic, including those in the construction industry. It provides an overview of labor market conditions and economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a key indicator of the overall health of the Slovak economy and is closely monitored by policymakers and economists to inform economic and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the statistical office in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment trend to assess the state of the Slovak economy and make informed decisions regarding economic and labor market policies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the latest employment data, as it is dependent on the frequency of the labor force surveys conducted by the statistical office in Slovakia.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Slovak Republic (LFEAICTTSKA647N), retrieved from FRED.