Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Czechia
LRUNTTTTCZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
5.32%
Date Range
1/1/1998 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Czechia measures the percentage of the Czech labor force aged 15 and above who are unemployed. This key labor market indicator is closely watched by economists and policymakers.
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 timely insights into the health of Czechia's labor market. It is a crucial metric for assessing economic conditions, informing policy decisions, and comparing labor market performance across countries.
Methodology
The data is collected through household surveys conducted by the Czech Statistical Office.
Historical Context
Economists use this unemployment rate to evaluate the effectiveness of fiscal and monetary policies in supporting employment.
Key Facts
- Czechia's unemployment rate was 2.4% as of December 2022.
- The unemployment rate has remained below the EU average in recent years.
- Czechia has one of the lowest unemployment rates among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Czech labor force aged 15 and above who are unemployed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health of the labor market and overall economic conditions in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this unemployment rate to evaluate the effectiveness of fiscal and monetary policies in supporting employment.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insights into the Czech labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Czechia (LRUNTTTTCZQ156S), retrieved from FRED.