Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Slovak Republic
LFEM24TTSKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-102.20%
Date Range
1/1/2000 - 1/1/2022
Summary
This trend measures total employment for individuals aged 15 to 24 in the Slovak Republic. It provides insights into youth labor market dynamics and is a key indicator for economists and policymakers assessing economic conditions.
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 Total: From 15 to 24 Years for Slovak Republic series tracks the total number of employed individuals within the 15-24 age group in Slovakia. This data point is valuable for understanding trends in youth employment and is commonly used to analyze labor market health and inform policy decisions.
Methodology
The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Historical Context
This metric is closely monitored by policymakers, labor economists, and market analysts to gauge the strength of the Slovak economy and labor market.
Key Facts
- Slovakia's youth employment rate was 36.5% in 2021.
- Youth unemployment is a persistent challenge in the Slovak economy.
- Employment among 15-24-year-olds is a key indicator of economic opportunity.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment for individuals aged 15 to 24 in the Slovak Republic, providing insights into youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, labor economists, and market analysts to gauge the strength of the Slovak economy and labor market, particularly in terms of youth employment.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to inform decisions and policies aimed at addressing youth unemployment and promoting economic opportunity for young workers in Slovakia.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Slovak Republic (LFEM24TTSKA657S), retrieved from FRED.