Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Czechia
LMJVTTUVCZQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,258.70
Year-over-Year Change
-12.39%
Date Range
10/1/1990 - 10/1/2023
Summary
This economic trend measures the total number of unfilled job vacancies in the Czech Republic, providing insights into labor market dynamics and employer demand.
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 Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Czechia indicator tracks the volume of open positions that employers are unable to fill, a key metric for analyzing labor market tightness and hiring challenges.
Methodology
The data is collected through surveys of employers and employment agencies.
Historical Context
This metric is widely used by policymakers, economists, and businesses to assess labor market conditions and inform economic decision-making.
Key Facts
- Czechia's job vacancy rate reached a peak of 6.3% in 2019.
- The COVID-19 pandemic led to a sharp decline in unfilled vacancies in 2020.
- Unfilled vacancies have been rising steadily since the economic recovery began.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of job vacancies that employers in the Czech Republic are unable to fill, providing insights into labor market tightness and hiring demand.
Q: Why is this trend relevant for users or analysts?
A: The number of unfilled vacancies is a key metric for understanding labor market dynamics, employer hiring challenges, and overall economic conditions in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and employment agencies in the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to assess labor market conditions and inform decisions related to employment, workforce development, and macroeconomic policy.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Czechia (LMJVTTUVCZQ647S), retrieved from FRED.