Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Slovak Republic
LRIN74MASKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.10
Year-over-Year Change
-0.67%
Date Range
1/1/1999 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Slovak Republic measures the percentage of men aged 15 to 74 in Slovakia who are not actively participating in the labor force. This metric provides insights into labor market engagement and workforce participation.
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 indicator tracks the portion of the male population in Slovakia between 15 and 74 years old who are neither employed nor actively seeking work. It is an important statistic for understanding labor market dynamics and potential labor force availability.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
Policymakers and economists use this metric to assess labor market conditions and trends.
Key Facts
- The inactivity rate for Slovak men aged 15-74 was 24.5% in 2022 Q3.
- Male inactivity has declined by 2 percentage points in Slovakia since 2018.
- Inactivity is higher among older men nearing retirement age.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Slovak Republic measures the percentage of men aged 15 to 74 in Slovakia who are not actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market engagement and workforce participation, which are key indicators for policymakers and economists assessing labor market conditions and trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand labor market dynamics and potential labor force availability, which informs economic policies and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a several-month delay between the reference period and data release.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 74 Years for Slovak Republic (LRIN74MASKQ156S), retrieved from FRED.