Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Czechia
LRHU24FECZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.43
Year-over-Year Change
-45.01%
Date Range
1/1/1993 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Czechia tracks the monthly unemployment rate for women aged 15 to 24 in Czechia. This metric is a key indicator of labor market conditions and economic performance for this demographic.
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 series measures the seasonally adjusted monthly unemployment rate specifically for young women in Czechia. Economists and policymakers closely monitor youth unemployment trends to assess the labor market's capacity to provide opportunities for new workforce entrants.
Methodology
The data is collected through household surveys conducted by the national statistical office.
Historical Context
Unemployment rates are a crucial input for economic analysis and policy decisions related to employment, education, and social programs.
Key Facts
- Czechia's youth unemployment rate is one of the lowest in the EU.
- Female youth unemployment is typically higher than male youth unemployment.
- Unemployment disproportionately impacts certain regions and socioeconomic groups within Czechia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted monthly unemployment rate for women aged 15 to 24 in Czechia.
Q: Why is this trend relevant for users or analysts?
A: Youth unemployment is a key indicator of labor market health and economic opportunity for new workforce entrants. Monitoring this demographic-specific trend is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Czechia's national statistical office.
Q: How is this trend used in economic policy?
A: Unemployment rates inform policy decisions related to employment, education, and social programs. Tracking youth unemployment is vital for developing policies that support workforce development and economic inclusion.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for survey collection and statistical processing. The data may not capture all informal or unregistered employment.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Czechia (LRHU24FECZA156N), retrieved from FRED.