Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Slovak Republic
LFEM25TTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,001,425.00
Year-over-Year Change
4.36%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Slovak Republic' measures the total number of employed individuals aged 25 to 54 in Slovakia. This metric is crucial for understanding labor market dynamics and evaluating economic policies.
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 data series represents the total employment for the prime working-age population in Slovakia, a key indicator of labor market health and economic activity. Policymakers and analysts use this information to assess employment trends, workforce participation, and the overall performance of the Slovak economy.
Methodology
The data is collected through labor force surveys conducted by the Slovak Statistical Office.
Historical Context
This employment trend informs economic policy decisions and helps businesses and investors gauge the strength of the Slovak labor market.
Key Facts
- Employment for ages 25-54 in Slovakia accounts for over 60% of the total workforce.
- The prime working-age employment rate in Slovakia has steadily increased since the early 2000s.
- Fluctuations in this employment trend often reflect broader economic conditions in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals aged 25 to 54 in Slovakia, a key indicator of labor market dynamics and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This employment data is crucial for understanding the health of the Slovak labor market, evaluating economic policies, and assessing the overall performance of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: This employment trend informs economic policy decisions and helps businesses and investors gauge the strength of the Slovak labor market.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Slovak Statistical Office, but there may be some delays in reporting due to the survey-based nature of the collection process.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Slovak Republic (LFEM25TTSKA647N), retrieved from FRED.