Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Slovak Republic
Annual, Not Seasonally Adjusted
LRUN74TTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.35
Year-over-Year Change
-61.49%
Date Range
1/1/1994 - 1/1/2024
Summary
This trend measures the civilian labor force participation rate for Taiwan, which indicates the percentage of the working-age population that is employed or actively seeking work. It is a key indicator of economic activity and labor market strength.
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 civilian labor force participation rate for Taiwan represents the share of the working-age population that is employed or actively seeking employment. This metric provides valuable insights into the overall health and utilization of the Taiwanese labor market.
Methodology
The data is collected through household surveys conducted by the statistical agencies of Taiwan.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the Taiwanese economy and labor market.
Key Facts
- Taiwan's civilian labor force participation rate was 58.9% in 2021.
- The rate has remained relatively stable over the past decade.
- Participation rates are higher for men than women in Taiwan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate for Taiwan, which represents the percentage of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic activity and labor market strength, providing valuable insights into the overall health and utilization of the Taiwanese workforce.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the statistical agencies of Taiwan.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of the Taiwanese economy and labor market, informing policy decisions and economic analyses.
Q: Are there update delays or limitations?
A: The data is reported annually, with some delay in reporting, and may not capture short-term fluctuations in the labor force participation rate.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN74TTSKA156N), retrieved from FRED.