Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Czechia
Annual, Seasonally Adjusted
LRHUTTMACZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
-61.05%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the unemployment rate for Macau, a special administrative region of China. This key indicator provides insights into the labor market and economic conditions in Macau.
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 Annual, Seasonally Adjusted unemployment rate tracks the percentage of the Macau labor force that is jobless, based on a standardized seasonal adjustment. This data point is widely used by economists and policymakers to evaluate Macau's economic performance and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the Macau Statistics and Census Service.
Historical Context
Macau's unemployment rate is closely monitored by investors and government officials to assess the territory's economic health and guide policy.
Key Facts
- Macau has a population of over 672,000 as of 2021.
- Tourism is a key driver of Macau's economy.
- Macau's unemployment rate reached a high of 4.5% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the unemployment rate in Macau, which represents the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: Macau's unemployment rate is a critical indicator of the territory's economic health and a key input for policymakers and investors assessing Macau's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Macau Statistics and Census Service.
Q: How is this trend used in economic policy?
A: Macau's unemployment rate is closely monitored by government officials and investors to evaluate the territory's economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually, with some potential delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTMACZA156S), retrieved from FRED.