Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Denmark
LFHUADTTDKM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,000.00
Year-over-Year Change
-3.96%
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 conditions and economic performance.
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 developed by the International Labour Organization (ILO) to facilitate cross-country comparisons. This series provides a monthly snapshot of the Danish labor market and is widely used by economists and policymakers to analyze employment dynamics.
Methodology
The data is collected through household surveys conducted by Statistics Denmark.
Historical Context
Unemployment trends inform monetary and fiscal policies aimed at promoting full employment and price stability.
Key Facts
- Denmark's unemployment rate is among the lowest in the European Union.
- Unemployment peaked during the global financial crisis but has since trended downward.
- The data is seasonally adjusted to account for recurring fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the harmonized unemployment rate for individuals aged 25 and over in Denmark. It provides a standardized metric of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The harmonized unemployment rate is a widely tracked indicator that informs economic policy decisions and helps analysts assess the strength of the Danish labor market.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Unemployment trends are closely monitored by policymakers and central banks to inform monetary and fiscal policies aimed at promoting full employment and price stability.
Q: Are there update delays or limitations?
A: The data is published with a short lag and is seasonally adjusted to account for recurring fluctuations.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Denmark (LFHUADTTDKM647S), retrieved from FRED.