Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic
LFHU24TTSKM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,000.00
Year-over-Year Change
-25.93%
Date Range
1/1/1995 - 5/1/2025
Summary
This economic trend measures the monthly total unemployment rate for individuals aged 15 to 24 in the Slovak Republic. Understanding youth unemployment is crucial for policymakers assessing labor market dynamics and social welfare.
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: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic data series provides insights into the level of joblessness among young adults in Slovakia. This metric is widely used by economists and analysts to evaluate the overall health of the country's labor force and identify potential skills gaps or structural imbalances.
Methodology
The data is collected through national labor force surveys conducted by the statistical agency of the Slovak Republic.
Historical Context
Monitoring youth unemployment is essential for informing economic, education, and social policies aimed at promoting stable employment and economic opportunity.
Key Facts
- The average youth unemployment rate in Slovakia is around 20%.
- Youth unemployment is often higher than the overall national unemployment rate.
- Reducing youth joblessness is a key policy priority for the Slovak government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly total unemployment rate for individuals aged 15 to 24 in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth unemployment is crucial for policymakers assessing labor market dynamics and social welfare in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the statistical agency of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Monitoring youth unemployment is essential for informing economic, education, and social policies aimed at promoting stable employment and economic opportunity.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in data availability or reporting due to the nature of labor force surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic (LFHU24TTSKM647N), retrieved from FRED.