Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Czechia
LRHU24MACZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.82
Year-over-Year Change
-55.55%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the monthly unemployment rate for males aged 15 to 24 in Czechia. It provides key insights into the labor market and economic conditions affecting young workers.
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 monthly unemployment rate for young male workers in Czechia is an important indicator of the country's economic health and labor market dynamics. This data series is used by economists, policymakers, and analysts to assess employment trends and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
This trend is closely monitored by the Czech government and central bank to guide fiscal and monetary policies.
Key Facts
- Czechia has one of the lowest youth unemployment rates in the EU.
- Male workers aged 15-24 make up about 3% of the Czech labor force.
- The monthly unemployment rate for this group averaged 5.8% in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for male workers aged 15 to 24 in Czechia. It provides insights into the labor market conditions for young workers in the country.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a key indicator of economic health and labor market dynamics. This data is used by economists, policymakers, and analysts to assess employment trends and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Czech government and central bank to guide fiscal and monetary policies aimed at supporting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Czechia (LRHU24MACZA156N), retrieved from FRED.