Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Sweden
Annual, Seasonally Adjusted
LFHUTTMASEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
247,083.30
Year-over-Year Change
11.55%
Date Range
1/1/1983 - 1/1/2024
Summary
The Unemployment Rate measures the percentage of the U.S. labor force that is jobless but actively seeking employment. It is a key indicator of the overall health and strength of the economy.
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 Unemployment Rate is a widely-tracked economic statistic that reflects the percentage of the civilian labor force that is unemployed but actively looking for work. It is closely monitored by policymakers, economists, and investors as a barometer of labor market conditions and economic performance.
Methodology
The Unemployment Rate is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of households.
Historical Context
The Unemployment Rate is a critical data point used by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions.
Key Facts
- The Unemployment Rate reached a peak of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest Unemployment Rate on record was 3.5% in 2019.
- Unemployment is a lagging economic indicator, often rising after a recession has already begun.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate measures the percentage of the U.S. civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Unemployment Rate is a key indicator of the overall health of the labor market and broader economy, providing important insights for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Unemployment Rate is calculated monthly by the U.S. Bureau of Labor Statistics based on surveys of households.
Q: How is this trend used in economic policy?
A: The Unemployment Rate is closely tracked by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The Unemployment Rate data is published monthly with a short lag, and may be subject to revisions as additional information becomes available.
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SWECP050000IXOBQ
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUTTMASEA647S), retrieved from FRED.