Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Slovak Republic
LRHUTTTTSKM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-1.85%
Date Range
1/1/1998 - 5/1/2025
Summary
The monthly unemployment rate for the Slovak Republic, a key indicator of the country's economic health and labor market conditions.
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 series measures the total unemployment rate for individuals aged 15 and over in the Slovak Republic on a monthly basis. It provides insights into the overall state of the labor force and is widely used by economists and policymakers to assess the economy's performance.
Methodology
The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Historical Context
The unemployment rate is a critical metric for understanding economic trends and informing policy decisions.
Key Facts
- Slovakia's unemployment rate averaged 8.7% in 2021.
- The unemployment rate reached a high of 19.2% during the 2009 financial crisis.
- The Slovak Republic joined the European Union in 2004.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for individuals aged 15 and over in the Slovak Republic, providing insights into the overall state of the country's labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic performance and is widely used by economists, policymakers, and market analysts to assess the health of the Slovak economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical metric for understanding economic trends and is used by policymakers in the Slovak Republic and internationally to inform decisions on employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around 4-6 weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Slovak Republic (LRHUTTTTSKM156S), retrieved from FRED.