Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Denmark
LFHUADTTDKM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98,000.00
Year-over-Year Change
-3.92%
Date Range
1/1/1983 - 11/1/2023
Summary
This economic trend measures the harmonized unemployment rate for individuals aged 25 and over in Denmark. It is a key indicator of labor market health and economic 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
The Harmonized Unemployment Rate is a standardized measure of unemployment used for international comparisons. This specific series tracks monthly unemployment levels for the Danish population aged 25 and older, providing insights into the broader labor market.
Methodology
The data is collected through household surveys conducted by national statistical agencies and harmonized by the OECD.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the Danish economy and guide employment and fiscal policies.
Key Facts
- Denmark's unemployment rate was 3.9% as of the latest data.
- Unemployment levels have remained relatively low in Denmark compared to other European countries.
- The harmonized methodology allows for reliable cross-country comparisons of labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the harmonized unemployment rate for individuals aged 25 and over in Denmark, providing insights into the country's labor market and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The harmonized unemployment rate is a key indicator used by policymakers, economists, and analysts to assess the strength of the Danish economy and guide employment and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies and harmonized by the OECD to ensure international comparability.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend to evaluate the labor market and broader economic conditions, informing decisions on employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short lag time. However, there may be occasional delays or revisions due to the underlying survey collection process.
Related Trends
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Denmark
ULQELP01DKQ657S
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Denmark
LFAC55TTDKA647N
Production: Manufacturing: Consumer Goods: Non-Durable Goods for Denmark
DNKPRMNCG03IXOBM
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Denmark
LRUNTTTTDKA156S
Other Prices: Cost of Construction: Residential: Total for Denmark
OPCNRE01DKQ661N
Employment to Population Rate: All Ages: All Persons for Denmark
LREPTTTTDKA156N
Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Denmark (LFHUADTTDKM647N), retrieved from FRED.