Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Slovak Republic
LMUNRRTTSKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.15
Year-over-Year Change
-26.09%
Date Range
4/1/1990 - 10/1/2023
Summary
This trend measures the total number of registered unemployed individuals in the Slovak Republic, providing insight into the country's labor market dynamics.
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 Registered Unemployment for Slovak Republic metric tracks the total number of individuals registered as unemployed with the country's public employment services. This data is a key indicator for policymakers and economists to assess the health of the Slovak labor market.
Methodology
The data is collected through the administrative records of the Slovak public employment services.
Historical Context
This trend is used to inform labor market policies and economic forecasting in Slovakia.
Key Facts
- Slovakia's registered unemployment rate was 7.3% in 2021.
- The manufacturing sector accounts for the largest share of registered unemployed individuals.
- Long-term unemployment remains a persistent challenge in the Slovak labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals registered as unemployed with the public employment services in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: The Registered Unemployment for Slovak Republic metric is a key indicator of the health of the country's labor market, providing insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through the administrative records of the Slovak public employment services.
Q: How is this trend used in economic policy?
A: This trend is used to inform labor market policies and economic forecasting in Slovakia.
Q: Are there update delays or limitations?
A: The data is published on an infra-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: Registered Unemployment for Slovak Republic (LMUNRRTTSKQ156S), retrieved from FRED.