Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Czechia
LRHUTTTTCZM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
3.70%
Date Range
1/1/1993 - 5/1/2025
Summary
The monthly unemployment rate for individuals aged 15 and over in Czechia, a key economic indicator that measures the percentage of the labor force that is jobless.
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 monthly unemployment rate series provides insights into the overall health and dynamics of the Czech labor market, which is crucial for policymakers, economists, and businesses to understand.
Methodology
The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Historical Context
The unemployment rate is widely used to assess economic performance and guide policy decisions.
Key Facts
- Czechia has one of the lowest unemployment rates in the European Union.
- The unemployment rate peaked at 4.3% in April 2020 due to the COVID-19 pandemic.
- The Czech labor market is characterized by low structural unemployment and high labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 and over in Czechia, representing the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health and dynamics of the Czech labor market, which is crucial for policymakers, economists, and businesses to understand.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The unemployment rate is widely used to assess economic performance and guide policy decisions, such as monetary and fiscal policies aimed at promoting full employment and economic growth.
Q: Are there update delays or limitations?
A: The unemployment rate data is typically published on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Czechia (LRHUTTTTCZM156S), retrieved from FRED.