Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LFIN24TTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
659,825.00
Year-over-Year Change
-23.98%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the percentage of the total labor force that is unemployed in Finland. This key economic indicator is closely watched by policymakers and analysts to gauge the overall health of the Finnish labor market.
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 represents the number of unemployed people in Finland as a percentage of the total labor force. It is a widely used metric for assessing the strength of the Finnish economy and informing economic policies.
Methodology
The data is collected through household surveys conducted by Statistics Finland.
Historical Context
The unemployment rate is a critical input for fiscal and monetary policy decisions made by the Bank of Finland and the Finnish government.
Key Facts
- Finland's unemployment rate averaged 7.7% from 2010-2020.
- The unemployment rate peaked at 8.2% in 2015 during an economic slowdown.
- Youth unemployment (ages 15-24) in Finland is typically around 20%.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the percentage of Finland's total labor force that is unemployed on an annual basis, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health of the Finnish economy and labor market, informing policy decisions by the government and central bank.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Finland.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for fiscal and monetary policy decisions made by the Bank of Finland and the Finnish government.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of the latest annual unemployment data.
Related Trends
Outstanding Domestic Private Debt Securities to GDP for Hungary
DDDM03HUA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Hungary
HUNCP060000IXOBM
Harmonized Index of Consumer Prices: Purchase of Vehicles for Hungary
CP0710HUM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Hungary
LRHU24MAHUM156S
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Hungary
LFEM24FEHUA647N
Financial Market: Share Prices for Hungary
SPASTT01HUQ661N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN24TTHUA647S), retrieved from FRED.