Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Slovak Republic
LRHUADTTSKM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
6.82%
Date Range
1/1/1998 - 5/1/2025
Summary
The Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Slovak Republic measures the percentage of the Slovak labor force aged 25 and above who are without jobs but actively seeking work. This key economic indicator provides insights into the health of the Slovak labor market.
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 monthly unemployment rate for workers aged 25 and older in Slovakia. It is a valuable metric for assessing the overall employment situation and can inform economic policymaking and business strategy.
Methodology
The data is collected through household surveys conducted by the Slovak Statistical Office.
Historical Context
Policymakers and analysts use this unemployment rate to gauge the strength of the Slovak economy and make informed decisions.
Key Facts
- Slovakia's unemployment rate for ages 25+ was 6.3% as of the latest report.
- The unemployment rate has decreased by 2 percentage points over the past 5 years.
- Long-term unemployment remains a challenge in the Slovak labor market.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly unemployment rate for workers aged 25 and older in Slovakia. It provides insights into the overall employment situation in the country.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and economic performance, making this data highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unemployment rate to gauge the strength of the Slovak economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be some delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Slovak Republic (LRHUADTTSKM156N), retrieved from FRED.