Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Czech Republic
LFHUADTTCZQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111,333.33
Year-over-Year Change
-13.02%
Date Range
1/1/1993 - 7/1/2023
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Czech Republic tracks the unemployment rate among the Czech population aged 25 and older. This metric is a key indicator of the country's economic health and labor market 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
This data series represents the harmonized unemployment rate for the Czech Republic, following international standards set by the International Labour Organization (ILO). It provides a reliable, comparable measure of joblessness among prime-working-age adults, a critical factor in evaluating the broader economic climate.
Methodology
The data is collected through household labor force surveys conducted by the Czech Statistical Office.
Historical Context
Policymakers and analysts use this unemployment rate to inform economic and labor market policies.
Key Facts
- The Czech Republic's unemployment rate averaged 2.3% in 2021.
- Unemployment is significantly lower among workers aged 25-54 compared to those 55 and older.
- The Czech labor market has remained relatively resilient through recent economic shocks.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the harmonized unemployment rate among the Czech population aged 25 and older, providing a standardized metric of joblessness in the country.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of a country's economic health and labor market conditions, making this data highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment rate to inform economic and labor market policies, such as employment programs and monetary/fiscal decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Czech Republic (LFHUADTTCZQ647N), retrieved from FRED.