Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Czechia
LRHU24TTCZM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.70
Year-over-Year Change
-3.00%
Date Range
1/1/1993 - 5/1/2025
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Czechia measures the unemployment rate for individuals aged 15 to 24 in the Czech Republic on a monthly basis.
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 indicator provides timely insights into the labor market dynamics for young workers in the Czech Republic. It is used by economists and policymakers to assess the employment and labor force participation trends within this key demographic.
Methodology
The data is collected through monthly household surveys conducted by the Czech Statistical Office.
Historical Context
This unemployment rate is a crucial input for evaluating the overall health of the Czech economy and informing policy decisions.
Key Facts
- Czechia has one of the lowest youth unemployment rates in the EU.
- The youth unemployment rate in Czechia is typically less than half the overall national rate.
- The monthly youth unemployment data provides timely insights into labor market trends.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the monthly unemployment rate for individuals aged 15 to 24 in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial metric for assessing the overall health of the labor market and evaluating policy effectiveness.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: This unemployment rate is used by economists and policymakers to inform decisions on labor market and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, providing timely insights into the Czech labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Czechia (LRHU24TTCZM156S), retrieved from FRED.