Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Slovak Republic
LFHUADTTSKM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,000.00
Year-over-Year Change
-5.76%
Date Range
1/1/1995 - 11/1/2023
Summary
This economic indicator measures the monthly harmonized unemployment rate for the Slovak Republic's population aged 25 and over. It provides key insights into the country's labor market conditions and overall economic performance.
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 Harmonized Unemployment Rate is a standardized measure used across OECD countries to facilitate international comparisons of labor market data. This series specifically tracks unemployment levels for the Slovak working-age population, serving as an important barometer of the nation's economic health and workforce utilization.
Methodology
The data is collected through household labor force surveys conducted by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and analysts use this indicator to assess the Slovak economy's progress and inform decisions around employment, social, and macroeconomic policies.
Key Facts
- The Slovak Republic's harmonized unemployment rate was 5.8% as of the latest data.
- Unemployment levels have declined steadily in Slovakia since the early 2010s.
- This indicator is a key input for evaluating the country's economic growth and policies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the monthly harmonized unemployment rate for the Slovak Republic's population aged 25 and over.
Q: Why is this trend relevant for users or analysts?
A: The harmonized unemployment rate is a critical metric for evaluating the health of Slovakia's labor market and broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the Slovak economy's progress and inform decisions around employment, social, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published 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 Slovak Republic (LFHUADTTSKM647N), retrieved from FRED.