Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Slovak Republic
LFHUTTTTSKM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147,000.00
Year-over-Year Change
-2.00%
Date Range
1/1/1995 - 5/1/2025
Summary
This economic trend measures the total number of unemployed individuals aged 15 and above in the Slovak Republic on a monthly basis. It provides timely insights into the country's labor market dynamics and is a key indicator for policymakers and economists.
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 for the Slovak Republic tracks the total number of people who are jobless, actively seeking employment, and available to start work. This metric is widely used to assess the overall health and performance of the Slovak labor market.
Methodology
The data is collected through household surveys conducted by the national statistical office.
Historical Context
This trend is closely monitored by the Slovak government, the European Union, and international organizations to inform economic and labor market policies.
Key Facts
- The Slovak Republic's unemployment rate reached a high of 19.3% in 2013.
- Youth unemployment (ages 15-24) in Slovakia was 26.5% as of 2021.
- The services sector employs the largest share of the Slovak workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 and above in the Slovak Republic on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insights into the Slovak labor market and is a key indicator for policymakers and economists to assess the overall health and performance of the economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Slovak government, the European Union, and international organizations to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Slovak Republic (LFHUTTTTSKM647S), retrieved from FRED.