Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Slovak Republic
Annual, Seasonally Adjusted
LREM24MASKA156S • 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
The Annual, Seasonally Adjusted series measures the U.S. unemployment rate for persons aged 25 to 54. This key economic indicator provides insight into the overall health of the labor market and informs policymakers' decisions.
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 Annual, Seasonally Adjusted unemployment rate focuses on prime-age workers, a demographic considered crucial for assessing broader economic conditions. Economists and analysts monitor this statistic to gauge employment trends and evaluate the efficacy of economic policies.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The prime-age unemployment rate is a vital input for the Federal Reserve and other policymakers when setting monetary and fiscal policies.
Key Facts
- The annual average prime-age unemployment rate was 3.5% in 2019.
- Prime-age workers are considered those aged 25 to 54 years old.
- Seasonally adjusted data accounts for predictable fluctuations in employment.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the unemployment rate for U.S. workers aged 25 to 54, a key demographic for assessing the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The prime-age unemployment rate is a crucial indicator monitored by economists, policymakers, and market participants to gauge employment trends and evaluate the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The prime-age unemployment rate is a vital input for the Federal Reserve and other policymakers when setting monetary and fiscal policies to promote full employment and price stability.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted prime-age unemployment rate is published monthly with a typical release delay of 1-2 weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24MASKA156S), retrieved from FRED.