Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden
LFHUADTTSEQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
293,333.33
Year-over-Year Change
-16.59%
Date Range
1/1/1983 - 7/1/2023
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden measure the seasonally adjusted unemployment rate for Swedish adults aged 25 and older. This provides key insights into the broader labor market and economic conditions in Sweden.
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 unemployment rate series harmonizes data collection and calculation methods across countries to enable cross-national comparisons. It is a widely referenced indicator used by economists, policymakers, and analysts to assess the strength of the Swedish economy and labor force.
Methodology
The data is collected through household surveys and compiled by Eurostat using standardized international guidelines.
Historical Context
The Swedish unemployment rate is an important input for economic and monetary policy decisions.
Key Facts
- Sweden's unemployment rate was 7.5% in January 2023.
- The unemployment rate has trended downward since the COVID-19 pandemic peak.
- Youth unemployment remains higher than the overall rate in Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted unemployment rate for Swedish adults aged 25 and older. It provides insights into the broader labor market and economic conditions in Sweden.
Q: Why is this trend relevant for users or analysts?
A: The Swedish unemployment rate is a key indicator used by economists, policymakers, and analysts to assess the strength of the Swedish economy and labor force.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Eurostat using standardized international guidelines.
Q: How is this trend used in economic policy?
A: The Swedish unemployment rate is an important input for economic and monetary policy decisions in the country.
Q: Are there update delays or limitations?
A: The data is published monthly, with a short delay. Limitations may include changes in survey methodologies or coverage over time.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden (LFHUADTTSEQ647N), retrieved from FRED.