Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Slovak Republic
LRHU24TTSKM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-29.58%
Date Range
1/1/1998 - 5/1/2025
Summary
The monthly unemployment rate for individuals aged 15 to 24 in the Slovak Republic provides important insights into the country's youth labor market dynamics.
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 data series tracks the percentage of the labor force aged 15 to 24 in the Slovak Republic who are without jobs but actively seeking work. It is a key indicator of economic conditions and labor market health, especially for policymakers focused on youth employment.
Methodology
The data is collected through household labor force surveys conducted by the Slovak Statistical Office.
Historical Context
Economists and policymakers monitor this metric to assess the effectiveness of labor market policies and programs targeting youth unemployment.
Key Facts
- Youth unemployment rate in the Slovak Republic averaged 27.4% from 2000 to 2022.
- The highest recorded youth unemployment rate was 39.6% in February 2013.
- The lowest recorded rate was 14.7% in October 2019.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly unemployment rate for individuals aged 15 to 24 in the Slovak Republic, providing insights into the country's youth labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a key indicator of economic conditions and labor market health, especially for policymakers focused on addressing youth employment challenges.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the effectiveness of labor market policies and programs targeting youth unemployment in the Slovak Republic.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of 1-2 months from the reference period.
Related Trends
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Slovak Republic
SVKCP110000GPM
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Slovak Republic
LFAC64MASKQ647S
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Slovak Republic
SVKCP040300GPQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Slovak Republic
LFIN64TTSKQ647N
Sales: Retail Trade: Total Retail Trade: Volume for Slovak Republic
SVKSLRTTO01GYSAM
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Slovak Republic
LFEM64MASKA657S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Slovak Republic (LRHU24TTSKM156S), retrieved from FRED.