Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Slovak Republic
LREMTTTTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.20
Year-over-Year Change
14.29%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Slovak Republic tracks the percentage of the population aged 15 and above who are employed. This key labor market indicator provides insights into the health and productivity of the Slovak economy.
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
This economic trend represents the employment rate, which is the proportion of the working-age population that is employed. It is a crucial metric for assessing the labor market and overall economic conditions in Slovakia.
Methodology
The data is collected through household and labor force surveys conducted by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and analysts use this employment rate data to inform economic and labor market policies.
Key Facts
- The employment rate in Slovakia was 70.1% in 2022.
- The employment rate has increased by 5 percentage points since 2015.
- Slovakia's employment rate is higher than the EU average.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Slovak Republic measures the proportion of the working-age population in Slovakia that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial indicator of the health and productivity of the Slovak labor market and overall economy. It helps policymakers and analysts assess economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the employment rate data to monitor labor market conditions, evaluate the effectiveness of economic policies, and inform decisions on issues such as job creation, labor force participation, and social welfare programs.
Q: Are there update delays or limitations?
A: The employment rate data for Slovakia is typically published on a quarterly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Slovak Republic (LREMTTTTSKA156N), retrieved from FRED.