Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Slovak Republic
LREM24MASKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.08
Year-over-Year Change
8.99%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the employment rate for males aged 15 to 24 in the Slovak Republic. It provides valuable insights into the labor market participation and employment status of young men, which is a key indicator of economic and social well-being.
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: Employment Rate Male: From 15 to 24 Years for Slovak Republic is a metric that tracks the percentage of young men in Slovakia who are employed. This data series is used by economists, policymakers, and labor market analysts to assess the labor force participation and job opportunities for this demographic group.
Methodology
The data is collected through household surveys conducted by the statistical agency of the Slovak Republic.
Historical Context
This employment rate trend is relevant for understanding the state of the Slovak labor market and can inform policy decisions related to youth employment, education, and economic development.
Key Facts
- The average employment rate for Slovak males aged 15-24 was 31.1% in 2021.
- Youth unemployment is a persistent challenge in Slovakia, with rates significantly higher than the overall national unemployment rate.
- The employment rate for young Slovak men has fluctuated over the past decade, reflecting broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for males aged 15 to 24 in the Slovak Republic, providing insights into the labor market participation and job opportunities for this demographic group.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of the Slovak labor market and can inform policy decisions related to youth employment, education, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical agency of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This employment rate trend is used by economists, policymakers, and labor market analysts to assess the labor force participation and job opportunities for young men in Slovakia, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Slovak statistical agency, but there may be some delays in publishing the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Slovak Republic (LREM24MASKA156N), retrieved from FRED.